WATCH THE VIDEO HERE The Federal Government of Nigeria, through the Debt Management Office (DMO), has released details of its April 2025 bond offer, seeking to raise a total of N350 billion from the domestic debt market. The offer comprises two re-opened Federal Government of Nigeria (FGN) bonds and is part of the government’s ongoing efforts to finance the 2025 budget and manage public debt through domestic borrowing. According to the circular issued by the DMO, the bond auction will take place on Monday, April 28, 2025, while the settlement date is scheduled for Wednesday, April 30, 2025. The issuance is being made in line with the provisions of the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, Laws of the Federation of Nigeria 2004. These bonds retain their status as eligible securities under several Nigerian financial and tax regulations. They qualify as approved instruments for investment by trustees under the Trustee Investment Act and are recognised as government securities under the Company Income Tax Act (CITA) and the Personal Income Tax Act (PITA), providing tax exemptions for certain classes of institutional investors such as pension funds. The coupon rates of 19.30% and 19.89% reflect the current high interest rate environment and inflationary pressures in the economy. These rates are also meant to make the instruments attractive to institutional investors who seek safe and competitive returns in a tight monetary policy landscape.
FG seeks to raise N350 billion in April 2025 FGN bond auction
