The Federal Government of Nigeria has expanded its bond listings by adding 910.3 million units of its existing February 2025 bonds on the Nigerian Exchange Limited (NGX).
A statement from NGX on Monday confirmed that the additional listings include 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.
FGN bonds are government-backed securities used to raise funds for infrastructure development and other national projects. With these new issuances, the total outstanding volume of the 19.30% FGN APR 2029 bond has risen from 463.16 million to 768.52 million units, while the 18.50% FGN FEB 2031 bond has increased from 2.1 billion to 2.71 billion units.
According to The PUNCH, the Federal Government has also listed a ₦368.3 billion bond alongside an additional ₦234 billion in supplementary bond issuances on NGX. These listings further strengthen Nigeria’s debt market and provide more investment opportunities for institutional and retail investors.
