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Federal Government debt securities

Nigeria Government Bond Structure Map

Follow an FGN BondA naira-denominated bond issued by the Federal Government of Nigeria. through DMO issuance, dealer access, electronic registration, coupon payments, secondary trading, and principalThe original amount of money invested or lent, excluding later returns. repayment.

Check an operator

Responsibility chain

YOUYouinvestor
PDMMDealerintermediary
DMODMOissuer
CBNCBNregulator

Stage 01

Choose the issue and route

Primary auctions and secondary-market purchases have different pricing, minimums, timing, and intermediaries.

Who is responsible at this stage?

Choose a lane, then inspect a highlighted participant.

Look here first: inspect You.

Swipe left or right to change stages, or use the arrow buttons.

Follow the four lanes

₦

Money

No funds move until issue, price or yield, accrued interestInterest earned since the last coupon date but not yet paid., fees, and settlement date are agreed.

◆

Assets

The asset is an identified FGN debt securityA financial instrument representing money borrowed by an issuer and owed to investors. with coupon and maturityThe date when a debt investment's principal is scheduled to be repaid. terms.

≡

Records

Offer documents or market quotes define the securityA tradable financial claim or ownership interest, such as a share, bond, or fund unit. and transaction.

✓

Oversight

DMO manages issuance; SEC and market rules govern relevant operators and trading venues.

Currently following: Money

No funds move until issue, price or yield, accrued interestInterest earned since the last coupon date but not yet paid., fees, and settlement date are agreed.

Checkpoint

Are you buying at primary auction, on FMDQ, on NGX, or through a packaged bank product?

Stage references: [1][2][3][4]

Before you commit money

The responsibility test

1

Issuer

Confirm it is an FGN securityA tradable financial claim or ownership interest, such as a share, bond, or fund unit. issued by DMO, not merely a bond-themed bank product.

2

Record location

Identify whether the holding is recorded through CBN SSSS, CSCS, or a custodianA licensed institution that safeguards a fund's cash and securities separately from the manager's own assets..

3

Exit risk

Understand that selling before maturityThe date when a debt investment's principal is scheduled to be repaid. exposes you to market price and liquidityThe ease and speed with which an investment can be converted into cash without a major price concession..

Sources for this stage

These sources support the current stage. Verify later amendments and the specific product documents before acting.

[1] DMO FGN Bonds ↗[2] FMDQ ↗[3] CSCS ↗[4] SEC Nigeria ↗

Content reviewed: 11 June 2026

Educational information only. Exact arrangements vary by product and provider and may change. Regulation, quotation, listing, custody, or deposit insurance does not eliminate investment risk.