“We are delighted by the strong investor confidence demonstrated in our country and our reform agenda. This development reaffirms Nigeria’s position as a recognised and credible participant in the global capital market.”.
According to the Honourable Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, OFR:
“This successful market access demonstrates the international community’s continued confidence in Nigeria’s reform trajectory and our commitment to sustainable, inclusive growth.”
Patience Oniha, Director-General of the Debt Management Office (DMO), stated that:
“Nigeria’s ability to access the Eurobond Market to raise long term funding needed to support the growth agenda of President Bola Ahmed Tinubu is a major achievement for Nigeria and is consistent with the DMO’s objectives of supporting development and diversifying funding sources.”
The Notes will be admitted to the official list of the UK Listing Authority and available to trade on the London Stock Exchange’s regulated market, the FMDQ Securities Exchange Limited and the Nigerian Exchange Limited.
The proceeds from this Eurobond issuance will be used to finance the 2025 fiscal deficit and support the government's other financing needs.
Nigeria mandated Chapel Hill Denham, Citigroup, Goldman Sachs, J.P. Morgan and Standard Chartered Bank as Joint Bookrunners. FSDH Merchant Bank Limited acted as Financial Adviser on the issuance.
DEBT MANAGEMENT OFFICE
The Presidency
NDIC Building (First Floor)
Plot 447/448 Constitution Avenue,
Central Business District,
P.M.B. 532, Garki, Abuja
Tel: +234-8110000881-3
Website: http://www.dmo.gov.ng
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
November 5, 2025
[DISCLAIMER TO BE UPDATED BY WHITE & CASE]
FCA/ICMA Stabilisation
UK MiFIR and MiFiD II professionals/ECPs-only – Manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels).
The Offering Circular is available at [x]
This communication is for informational purposes only and is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
This communication does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold in the United States except pursuant to an exemption from, or transaction not subject to, the registration requirements of the Securities Act. No public offer of, or registration of any part of, the securities described herein is being made in the United States. The securities will only be offered for sale outside the United States in reliance on Regulation S and within the United States to “qualified institutional buyers” in reliance on Rule 144A under the Securities Act.
This communication is being distributed to and is directed only at persons in the United Kingdom having professional experience in matters relating to investments, falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the “Order”), and persons falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). In the UK, this communication must not be acted on or relied on by persons who are not relevant persons. In the UK, any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with such persons.
This communication does not constitute an offer to sell or solicitation of an offer to buy the Notes in Nigeria. No offers or sales of the Notes will be made in Nigeria except in compliance with applicable rules and regulations.
Investors should refer to the Offering Circular and the Pricing Supplements and should determine for themselves the relevance of the information contained in the Offering Circular regarding the use of proceeds and its investment in the securities should be based upon such investigation as it deems necessary.
Credit ratings referred to in this communication should not be taken as recommendations by a rating agency to buy, sell or hold securities. They may be revised, suspended or withdrawn at any time by the relevant rating agency.