The Debt Management Office (DMO) has listed a ₦47.355 billion Series III Sovereign Green Bond on the Nigerian Exchange Limited (NGX) and the FMDQ Securities Exchange Limited, in a move aimed at expanding climate-focused financing in the country.
The bond, which carries an 18.95 per cent interest rate and is due in June 2030, was listed on May 13, 2026.
In a statement, the DMO said the listing reflects its commitment to raising funds for projects that support Nigeria’s transition to a low-carbon and climate-resilient economy.
“The Green Bond, which is the third to be issued by the DMO on behalf of the Federal Government of Nigeria, is an attestation to the DMO’s commitment to providing funds needed to finance green projects that support Nigeria’s commitment towards achieving a low-carbon and climate-resilient society,” it stated.
The DMO said that the bond listing is intended to improve liquidity in the market and promote price transparency, while also giving investors access to securities that match their ethical and environmental investment goals.
READ ALSO:
- DMO Opens May Savings Bond at 14.5% Peak Return
- FGN Bond Auction Attracts ₦931bn in March – DMO
- FGN Targets N750bn in March Bond Re-Openings
- Dangote Refinery Listing Ignites Demand, Raises Tough Questions
According to DMO, the issuance of green bonds is also increasing the visibility of climate-focused financial instruments in Nigeria’s domestic market.
It acknowledged the role of transaction parties in the issuance, including Chapel Hill Denham and Stanbic IBTC Capital Limited as issuing houses and bookrunners, as well as S.P.A. Ajibade and Co. as legal adviser, alongside other market stakeholders.
It said the new listing further demonstrates its commitment to offering a wide range of securities to meet the needs of different investors and to deepen Nigeria’s domestic bond market.
Pinnacle Daily reports that the DMO operates under the Presidency and is responsible for managing the country’s public debt.
The agency added that the green bond programme remains part of broader efforts to attract investment into sustainable development projects across the country.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X