FG expands bond listings with over 900m units on NGX

The Federal Government of Nigeria has expanded its bond listings with an additional 910.3 million units of its existing February 2025 bonds on the Nigerian Exchange Limited.

A statement by NGX on Monday disclosed that the supplementary listing included 305.36 million units of the 19.30 per cent FGN APR 2029 bond and 605.03 million units of the 18.50 per cent 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 new issuance, the total outstanding units for the 19.30 per cent FGN APR 2029 bond rose from 463.16 million to 768.52 million, while the 18.50 per cent FGN FEB 2031 bond increased from 2.1 billion to 2.71 billion units.

The PUNCH reported that the Federal Government of Nigeria has listed a N368.3bn bond along with N234bn in supplementary bond issues on the Nigerian Exchange Limited.

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