The first instrument is a two-year FGN Savings Bond maturing on October 14, 2028, with an interest rate of 13.071 per cent per annum. The second is a three-year bond maturing on October 14, 2029, offering 14.071 per cent per annum.
The subscription opened on October 5, 2026 and will close on October 9, with settlement scheduled for October 14. Interest will be paid quarterly on January 14, April 14, July 14 and October 14, while the principal will be repaid at maturity.
The bonds are priced at N1,000 per unit, with a minimum subscription of N5,000. Additional subscriptions must be made in multiples of N1,000, subject to a maximum investment of N50 million.
According to the DMO, the securities are backed by the full faith and credit of the Federal Government of Nigeria. They are also listed on the Nigerian Exchange and qualify as government securities for applicable tax and investment purposes.
The FGN Savings Bonds are designed primarily for retail investors and allow individuals to earn regular returns while lending money to the Federal Government. Interested investors can subscribe through stockbroking firms appointed by the DMO as distribution agents.
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Summary
The Debt Management Office has opened subscriptions for two FGN Savings Bonds at N1,000 per unit, with annual interest rates of 13.071% and 14.071%. The Debt Management Office has announced the offer of two Federal Government of Nigeria Savings Bonds for subscription at N1,000 per unit, giving retail investors an opportunity to invest in government-backed fixed-income securities.The first...
Key takeaways
- The Debt Management Office has opened subscriptions for two FGN Savings Bonds at N1,000 per unit, with annual interest rates of 13.071% and 14.071%.
- The Debt Management Office has announced the offer of two Federal Government of Nigeria Savings Bonds for subscription at N1,000 per unit, giving retail investors an opportunity to invest in government-backed fixed-income securities.The first instrument is a two-year FGN Savings Bond maturing on October 14, 2028, with an interest rate of 13.071 per cent per annum.
- The second is a three-year bond maturing on October 14, 2029, offering 14.071 per cent per annum.
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What is this story about?
The Debt Management Office has opened subscriptions for two FGN Savings Bonds at N1,000 per unit, with annual interest rates of 13.071% and 14.071%. The Debt Management Office has announced the offer of two Federal Government of Nigeria Savings Bonds for subscription at N1,000 per unit, giving retail investors an opportunity to invest in government-backed fixed-income securities.The first...
Who published this story?
Glow 99.1 FM published this story with GlowRy Atuah listed as author.
When was it published?
October 6, 2026
