Nigeria’s Debt Management Office has disclosed plans by the Federal Government to raise N900 billion from the domestic debt market through a bond auction scheduled for January 2026, signalling an early start to next year’s borrowing programme.
According to a circular issued by the DMO, the auction will hold on January 26, 2026, with settlement fixed for January 28.
The offer will involve the reopening of three existing Federal Government bonds across medium and long term maturities, giving investors access to instruments with established pricing and payment structures.
The News Chronicle gathered that the government is targeting N300 billion from the February 2031 bond, N400 billion from the February 2034 bond and N200 billion from the January 2035 bond, all of which carry fixed coupon rates and pay interest twice a year. Each unit is priced at N1,000, with subscriptions routed through authorised Primary Dealer Market Makers.
The move reflects the government’s continued reliance on bond reopenings to fund budget obligations while maintaining activity in the domestic debt market.
Market data shows that bond allotments in 2025 exceeded N5 trillion, pointing to sustained investor appetite for sovereign securities despite elevated yields.
Analysts say the January auction also reinforces the appeal of FGN bonds as long term assets for pension funds, banks and individuals, supported by tax exemptions, exchange listings and the full backing of the Federal Government.
