Nigeria announces N5.75tn bond target and N2.43tn revenue distribution

Nigerian government bonds FAAC revenue distribution Debt Management Office Nigerian Treasury Bills fiscal policy

Nigeria’s Debt Management Office (DMO) has announced plans to raise N5.75 trillion through Federal Government (FGN) bonds in the fourth quarter of 2026. This includes an upcoming auction on October 19 for N1.75 trillion in reopened bonds. The offer consists of a N500 billion 10-year bond at 19% interest, an N800 billion 10-year bond at 16.79% interest, and a N450 billion 15-year bond at 15.45% interest.

Separately, the Federation Account Allocation Committee (FAAC) has distributed N2.428 trillion in revenue for September 2026 among the Federal Government, 36 states, and 774 local government councils. The distributable sum included N1.672 trillion in statutory revenue and N756.587 billion from Value Added Tax (VAT). While statutory revenue saw an increase compared to August, VAT revenue experienced a decline of approximately N17.972 billion during the same period.

Entities

Central Bank of Nigeria · Debt Management Office · FMDQ OTC Securities Exchange · Federal Government of Nigeria · Federation Account Allocation Committee · Nigeria · Nigerian Exchange Limited · Nigerian National Petroleum Company Limited

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] The DMO targets N5.75 trillion in bond issuances for the fourth quarter of 2026. blueprint.ng
[● 2 SOURCES] The settlement for successful bids is scheduled for October 21. thepodiummedia.com · dmarketforces.com
[● 2 SOURCES] A second offering includes N800 billion of a 10-year bond with a 16.79 per cent annual interest rate. thepodiummedia.com · dmarketforces.com
[● 2 SOURCES] The Debt Management Office is offering N1.75 trillion in bonds for subscription. thepodiummedia.com · dmarketforces.com
[○ 1 SOURCE] The Q4 2026 plan includes N1.75 trillion in October and N2 trillion in both November and December. blueprint.ng
[● 2 SOURCES] The third offering includes N450 billion of a 15-year bond with a 15.45 per cent annual interest rate. thepodiummedia.com · dmarketforces.com
[● 2 SOURCES] One offering includes N500 billion of a 10-year bond with a 19 per cent annual interest rate. thepodiummedia.com · dmarketforces.com
[● 2 SOURCES] The N1.75 trillion offer consists of three previously issued bonds being reopened. thepodiummedia.com · dmarketforces.com