The Federal Government has raised N7.62tn from the domestic bond market between January and August 2026 as it continues to tap the fixed-income market to finance its budget and other fiscal obligations.
The funds were raised through eight Federal Government of Nigeria bond auctions conducted by the Debt Management Office during the period.
The latest figures highlight the growing importance of domestic borrowing in meeting the government’s financing requirements, amid a projected budget deficit of about N31.5tn.
At the August bond auction, the DMO allotted N805.2bn through competitive bids across the January 2035, April 2037 and June 2038 instruments.
Although the amount allotted through competitive bids was below the N1.1tn offered, total allotments climbed to about N1.56trn after N752.3bn was sold through non-competitive allotments, according to Cowry Asset Management Limited.
