The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the offering of ₦260 billion worth of Federal Government bonds for subscription at the October 2025 bond auction.

According to the offer circular released by the DMO, the auction will be held on Monday, October 28, 2025, with settlement scheduled for Tuesday, October 29, 2025. The total amount on offer is ₦260 billion, to be issued across two tranches.

The bonds consist of a new 5-year FGN bond maturing in October 2030, and a reopening of an existing 10-year FGN bond maturing in April 2035. Both instruments are offered at a ₦1,000 per unit face value, subject to a minimum subscription of ₦50,001,000, and thereafter in multiples of ₦1,000.

The DMO explained that the bonds are backed by the full faith and credit of the Federal Government of Nigeria and are qualifying securities for trustees, pension funds, and other institutional investors. They are also tax-exempt for the principal and interest payments in accordance with the relevant laws.

Investors interested in participating can submit bids through any of the authorized Primary Dealer Market Makers (PDMMs) appointed by the DMO. The auction aims to support the government’s domestic borrowing plan to finance budget deficits and infrastructure development.

The FGN bonds remain part of efforts by the Tinubu administration to deepen the domestic capital market, enhance liquidity, and provide stable investment opportunities for both institutional and retail investors.