FGN Bond Auction Sees 45% Decline in Subscriptions
Investor demand for Federal Government of Nigeria (FGN) bonds weakened sharply in May 2026, as total subscriptions fell by 45.6% month-on-month, despite higher yields at auction.
Data from the Debt Management Office (DMO) showed subscriptions dropped to ₦516.17bn...
Subnational external debt rose sharply in 2025, with 32 states and the Federal Capital Territory (FCT) accumulating nearly $5.7bn, despite higher inflows from the Federation Account Allocation Committee (FAAC).
FG Raises N2.69trn from Bond Market in Three Months
The Federal Government borrowed N2.69tn from the domestic bond market in the first quarter of 2026, as strong investor demand continued to drive subscriptions above offer levels despite tighter allotments, an analysis of Debt Management Office...
FG to Raise N700bn Through April Bond Sale
The Federal Government plans to raise N700bn from the domestic bond market in April 2026, extending a gradual reduction in offer size as it continues to navigate elevated borrowing costs.
Details from the April 2026 Federal Government of...
Sometimes, certain developments raise immediate concerns, even before a deep dive into the details. Such was the case following reports that the Federal Government has earmarked ₦135 billion for potential litigation ahead of the 2027 general elections under what is termed “Electoral Adjudication and Post-Election Provision.”
