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DMO targets N1.2tn via major bond reopenings

The Debt Management Office, acting on behalf of the Federal Government of Nigeria, plans to raise N1.2tn through the reopening of two Federal Government of Nigeria bonds at an auction scheduled for 22 June 2026. According to the DMO’s offer circular released on Monday, 15 June 2026, the government will offer N600bn each in a 10-year and a 20-year bond, with settlement set for 24 June 2026. [...]