DMO Plans N900bn Borrowing From FGN Bonds In Q4

The Debt Management Office (DMO) has released its Federal Government of Nigeria (FGN) bond issuance calendar for the fourth quarter of 2025, outlining plans to raise between N360 billion and N450 billion through the sale of reopened 5-year and 7-year bonds.

This move is part of the government’s strategy to meet its domestic financing needs and manage maturing debt obligations.

According to the issuance calendar released by the DMO, the 17.945% FGN AUG 2030 bond (5-year tenor) and the 17.95% FGN JAN 2032 7-year paper will reopen at the October, November, and December auctions.

The debt office said it expected to raise between N120 billion and N150 billion from each of the papers in October, November, and December, for a total of between N720 billion and N900 billion in the two months.

The DMO announced over the weekend that Nigeria’s total public debt stock had risen to N152.40 trillion as of June 30, 2025. According to the data, the figure represents an increase of N3.01 trillion from N149.39 trillion recorded at the end of March 2025, marking a 2.01 per cent rise within three months.

In dollar terms, the debt profile grew from $97.24 billion to $99.66 billion, reflecting a 2.49 per cent increase. Last week, President Bola Tinubu wrote to the House of Representatives asking them to approve $2.3 billion in new loans and authorise the issuance of a $500 million debut sovereign sukuk on international debt markets.