The Federal Government of Nigeria has expanded its bond offerings with the listing of 910.3 million additional units of its existing bonds on the Nigerian Exchange Limited (NGX).
A statement released by NGX on Monday confirmed that the new listings comprise 305.36 million units of the 19.30% FGN APR 2029 bond and 605.03 million units of the 18.50% FGN FEB 2031 bond.
The additional issuance raises the total outstanding units for the 19.30% FGN APR 2029 bond from 463.16 million to 768.52 million, while the 18.50% FGN FEB 2031 bond increases from 2.1 billion to 2.71 billion units.
FGN bonds are long-term debt securities issued by the Federal Government to raise capital for infrastructure projects, budgetary financing, and economic development initiatives.
The latest bond listing is expected to enhance market liquidity, providing institutional and retail investors with more opportunities to participate in government-backed securities.
The new issuance follows the recent listing of a N368.3 billion bond and an additional N234 billion in supplementary bond issues.
Analysts note that the Federal Government’s increased bond issuance reflects its strategy to finance budget deficits, stabilize public finances, and support key infrastructure projects.
The listings also align with Nigeria’s broader economic reforms aimed at strengthening the fixed income market and enhancing investor confidence.
Market participants anticipate that the additional bond units will contribute to improved secondary market activity, better price discovery, and increased participation from local and foreign investors.
With Nigeria’s debt market playing a critical role in capital mobilization, the government’s proactive bond strategy is expected to provide a stable platform for long-term economic growth and financial sustainability.
