Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, securing additional long-term financing as investors accepted a lower yield on debt maturing in June 2038.
Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, with more than half allocated outside competitive bidding.
The Federal Government is targeting ₦1 trillion from investors through its September 2026 FGN bond auction, with the Debt Management Office (DMO) setting a minimum subscription of ₦50.001 million.
The Debt Management Office has opened subscriptions for its August 2026 savings bond, offering annual returns of up to 14.963 percent.
Nigerians can invest from N5,000, with subscriptions closing on August 7 and settlement scheduled for August 12.
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The developments emerged from two separate kidnapping incidents involving prospective National Youth Service Corps (NYSC) members travelling to orientation camps in the South-East and South-South, and farmers abducted from their fields in Niger State.