The Federal Government of Nigeria has expanded its bond listings on the Nigerian Exchange Limited (NGX) with an additional 910.3 million units of its existing February 2025 bonds.
A statement released by the NGX on Monday revealed that the supplementary listing included 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 debt securities issued by the Federal Government to raise capital for infrastructure projects and other development initiatives. With the latest issuance, the total outstanding units for the 19.30% FGN APR 2029 bond increased from 463.16 million to 768.52 million, while the 18.50% FGN FEB 2031 bond rose from 2.1 billion to 2.71 billion units.
The development follows an earlier listing of a N368.3 billion bond alongside N234 billion in supplementary bond issues, reinforcing the government’s commitment to strengthening the country’s financial market and funding national development.
