Nigeria’s DMO seeks transaction advisers for potential Eurobond; Q1 external service drops, easing FX liquidity

On June 29, 2026 the Debt Management Office (DMO) launched an open competitive process to appoint Transaction Advisers for a potential Eurobond issuance, while DMO-reported external payments for Q1 2026 fell to $954.06m, reducing near-term foreign-currency debt service pressure.

Appointing transaction advisers formally signals preparatory steps toward a new sovereign Eurobond that could create a fresh benchmark for Nigeria’s external curve and enable refinancing. The Q1 2026 drop in external service (to $954.06m) improves near-term FX liquidity, but the issuance remains subject to adviser selection, market timing and pricing; no size or pricing commitments were disclosed.

DMO shortlist of transaction advisers or publication of an offering timetable and expected issue size.