The Debt Management Office has announced a public offer of three Federal Government bonds worth N800 billion, priced at N1,000 per unit. The offer includes a N400 billion bond at 17.95% interest maturing in 2032, alongside two others valued at N300 billion and N100 billion with yields close to 20 percent.

According to the agency, the bond auction is scheduled for February 23, 2026, with settlement set for February 25. Investors must subscribe with a minimum of N50,001,000 and can increase their investment in multiples of N1,000 after that entry point.

Interest payments will be made twice yearly, while the principal will be repaid fully at maturity. The bonds are listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange, and they are backed by the full faith of the Federal Government of Nigeria.

The DMO explained that the securities qualify for tax benefits for certain investors and can count toward banks’ liquidity requirements. Interested participants were advised to contact authorised banks, while the office retains the right to allocate bonds at its discretion.