The Federal Government of Nigeria is returning to the domestic capital market to raise N1.2tn through the reopening of three Federal Government of Nigeria bond instruments. The announcement, detailed in a Debt Management Office Offer Circular, maps out the government’s plan to auction N400bn across three distinct existing tenors. This strategic move comes less than a month after the DMO concluded a similar N1.2tn bond drive in June, signalling a persistent reliance on local debt to sustain fiscal operations and manage national budget deficits. [...]