Debt Management Office

The Debt Management Office conducted its monthly auction of FGN Bonds on Monday (25th Aug ’25). It presented N200.00bn (compared to N80.00bn at the previous auction) through the new issuance of the 17.95% FGN AUG 2030 (5-year) and the reopening of the 17.95% FGN JUN 2032 (7-year) instruments. The total
subscription reached N268.17bn (as opposed to N300.67bn previously), leading to a bid-to-offer ratio of 1.34x (down from 3.76x previously). The DMO