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The DMO will auction N1.2 trillion worth of Federal Government bonds on July 20, with settlement scheduled for July 22The three reopened bond offers carry interest rates of 22.60%, 15.45%, and 16.249%, with a minimum subscription of N50.001 millionThe bonds are backed by the Federal Government, listed on the NGX and FMDQ, and offer tax benefits for qualified investors
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Debt Management Office (DMO), acting on behalf of the Federal Government, has announced the opening of subscriptions for three Federal Government bonds valued at a combined N1.2 trillion, with the auction scheduled to take place on July 20, 2026.
According to a circular issued by the agency on Tuesday, July 14, 2026, the offer consists of three reopened bond issues, each worth N400 billion, while successful subscriptions will be settled on July 22, 2026.
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