ABUJA — Advancing Nigeria's climate finance infrastructure and sustainable development goals, the Debt Management Office (DMO) has officially announced the dual listing of its 18.95% ₦47.335 Billion Series III Sovereign Green Bond due June 2030. The debt instrument was concurrently admitted to the trading floors of the Nigerian Exchange Limited (NGX) and the FMDQ Securities Exchange Limited on May 13, 2026.
The landmark listing represents the third consecutive time the DMO has successfully structured and issued green-certified debt securities on behalf of the Federal Government of Nigeria. The successful onboarding of this bond underlines the government's systematic shift toward tapping alternative, climate-aligned capital pools to fund critical national infrastructure projects linked directly to environmental protection, renewable energy transition, and climate change mitigation.
Deepening Liquidity and Expanding Ethical Investment Choices
The dual listing on Nigeria’s premier securities exchanges is designed to serve as a vital liquidity catalyst for the domestic secondary market. By placing the ₦47.335 billion security on highly visible, regulated trading platforms, the DMO guarantees that initial institutional subscribers and secondary market participants can fluidly enter and exit positions, while simultaneously ensuring real-time, institutional-grade price discovery and market transparency.
According to the official communique issued by the debt agency, the continuous rollout of the sovereign green bond series performs a vital double function in the domestic economy. First, it actively builds a robust financial pipeline required to support Nigeria’s international pledge under the Paris Agreement to achieve a low-carbon, climate-resilient society. Second, it enriches the local capital market by introducing high-yield, sovereign-backed ethical instruments tailored specifically for institutional funds managers, pension fund administrators (PFAs), and non-interest investors who operate under strict Environmental, Social, and Governance (ESG) investment mandates.
Collaborative Execution: Strategic Transaction Partners
The complex structuring and successful placement of the Series III debt instrument were driven by a consortium of leading domestic financial houses and legal advisers. The DMO formally extended its commendation to the co-issuing houses and bookrunners on the transaction, specifically naming Chapel Hill Denham and Stanbic IBTC Capital Limited for their technical execution. The legal architecture of the bond issuance was managed by the prominent law firm of S.P.A. Ajibade and Co., alongside other domestic capital market stakeholders.
The DMO reiterated its institutional commitment to continuously diversifying Nigeria’s sovereign debt profile. By designing a highly versatile portfolio of financial products ranging from conventional FGN bonds and short-term Treasury Bills to specialized Sukuk and Green Bonds the agency aims to satisfy the yield and ethical preferences of a highly diverse pool of domestic and international investors while systematically deepening the overall absorptive capacity of the Nigerian capital market.
