The Debt Management Office (DMO) has released its Federal Government of Nigeria (FGN) bond issuance calendar for the fourth quarter of 2025, outlining plans to raise between N360 billion and N450 billion through the sale of reopened 5-year and 7-year bonds.
The development is part of the government’s strategy to meet its domestic financing needs and manage maturing debt obligations.
According to the issuance calendar released by the DMO, the 17.945% FGN AUG 2030 bond (5-year tenor) and the 17.95% FGN JAN 2032 7-year paper will reopen at the October, November, and December auctions.
The DMO had announced over the weekend that Nigeria’s total public debt stock had risen to N152.40 trillion as of June 30, 2025. According to the data, the figure represents an increase of N3.01 trillion from N149.39 trillion recorded at the end of March 2025, marking a 2.01 per cent rise within three months.
In dollar terms, the debt profile grew from $97.24 billion to $99.66 billion, reflecting a 2.49 per cent increase.
Last week, President Bola Tinubu wrote to the House of Representatives asking them to approve $2.3 billion in new loans and authorise the issuance of a $500 million debut sovereign sukuk on international debt markets.
Additionally, the FG is also in discussions with China’s Export-Import Bank for a $2 billion loan to finance a new “super grid” aimed at easing the country’s chronic power shortages and boosting industrial growth.
Minister of Power, Adebayo Adelabu, disclosed this during an economic summit in Abuja last Monday, noting that the new transmission infrastructure will link the eastern and western regions of the country, where most of Nigeria’s industrial consumers are located.