FG set for US dollar bond hybrid roadshow in Lagos

Nigerian government is set for domestic US dollar bond hybrid roadshow in Lagos.

FGN Bonds are typically long-term investments ranging from 3 to 50 years issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria (FGN). Investors earn interest on bonds semi-annually or quarterly.

The Federal Government of Nigeria had earlier announced the launch of its Series I Domestic USD Bond, aiming to raise at least $500 million from both local and international investors.

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According to the auction circular released recently, the government is targeting $1 billion in total subscriptions through this bond auction, doubling its initial offer.

This development comes at a time when five of Nigeria’s Eurobonds have been ranked among the worst performers in a Bloomberg index tracking emerging and frontier market sovereign debt.

Earlier, Wale Edun, Minister of Finance and Coordinating Minister of the Economy, confirmed plans to issue $500 million in domestic, foreign currency-denominated bonds in August.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.