DMO Lists N47.335 billion Green Bond on NGX, FMDQ

The Debt Management Office (DMO) has listed the 18.95% N47.335 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited.

The disclosure was made on Wednesday in a press statement issued by the DMO and shared on its official X account.

The Series III Sovereign Green Bond is a climate-focused debt instrument issued by the Federal Government through the DMO to raise funds for environmentally sustainable projects aimed at supporting Nigeria’s transition to a low-carbon and climate-resilient economy.

What they are saying 

According to the statement, the latest issuance represents the third Sovereign Green Bond floated by the DMO on behalf of the Federal Government and reflects the agency’s commitment to mobilising capital for environmentally friendly projects aligned with Nigeria’s climate goals.

• The DMO said the issuance is also helping to deepen awareness and adoption of climate-linked financial instruments within the domestic capital market, while offering ethical and sustainability-focused investors investment products that align with their preferences.
• It added that the listing on NGX and FMDQ would improve market liquidity for investors and enhance price transparency for the instrument.

The office further acknowledged the roles played by transaction advisers and market stakeholders involved in the issuance process, including Chapel Hill Denham and Stanbic IBTC Capital Limited as issuing houses and bookrunners, alongside legal adviser S.P.A. Ajibade and Co.

The DMO reiterated its commitment to broadening the range of investment securities available to investors while strengthening the domestic bond market.

Get up to speed

The latest listing comes as the Federal Government intensifies efforts to mobilise alternative financing for climate and environmental projects.

• Earlier this year, the government disclosed plans to raise as much as N500 billion through green bond issuances in 2026 as part of efforts to finance climate-related infrastructure and sustainability initiatives.
• Investor appetite for such instruments has remained strong. Last year’s N50 billion green bond issued by the Federal Government was oversubscribed, attracting subscriptions worth more than twice the amount offered.
• Nigeria’s inaugural sovereign green bond was also fully subscribed, highlighting growing investor confidence in the country’s climate-focused debt market.

The push toward green financing also aligns with broader environmental reforms by the Federal Government. Earlier, President Bola Tinubu approved the implementation and operationalisation of Nigeria’s carbon market framework, a policy projected to generate at least $3 billion annually for the country by 2030.

What you should know

The latest green bond listing also comes amid renewed domestic borrowing activities by the Federal Government.

• Earlier today, Nairametrics reported that the DMO announced a fresh N600 billion Federal Government of Nigeria bond auction scheduled for May 18, 2026, with settlement fixed for May 20, 2026.
• According to the offer circular, the auction consists of two re-opened FGN bond instruments valued at N300 billion each.
• The instruments include a N300 billion 22.60 per cent FGN January 2035 10-year re-opening bond and a N300 billion 16.2499 per cent FGN April 2037 20-year re-opening bond.

The bonds are priced at N1,000 per unit, with a minimum subscription of N50.001 million and additional investments allowed in multiples of N1,000.