Nigeria’s Federal Government, through the Debt Management Office, DMO, has opened subscription for its October 2026 Federal Government of Nigeria Savings Bonds.
In a statement on its X account, the DMO said the offer, which opened on Monday, October 5, 2026, comprises two-year and three-year savings bonds with interest rates of 13.071 percent and 14.071 percent per annum, respectively.
According to the DMO, the two-year FGN Savings Bond will mature on October 14, 2028, while the three-year bond will mature on October 14, 2029.
The subscription window will close on Friday, October 9, 2026, with settlement scheduled for October 14, 2026.
The DMO said the bonds are being offered on behalf of the Federal Government of Nigeria pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP L17, LFN 2004.
The bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and subsequent investments in multiples of N1,000.
The maximum subscription allowed is N50 million.
Interest on the bonds will be paid quarterly, while investors will receive bullet repayment of their principal upon maturity.
The DMO said the securities qualify as investments in which trustees can invest under the Trustee Investment Laws.
They also qualify as government securities under the Company Income Tax Act and Personal Income Tax Act, making them eligible for tax exemption for pension funds, among other investors.
The bonds are listed on the Nigerian Exchange Limited and qualify as liquid assets for liquidity ratio calculations for banks.
The DMO stated that the savings bonds are backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of the country.
The coupon payment dates for the bonds are January 14, April 14, July 14 and October 14.
Interested investors have been advised to contact stockbroking firms appointed as distribution agents by the DMO.
The debt office urged prospective investors to visit its official website for the list of authorised distribution agents.
DMO: Nigerian govt opens 2026 savings bond subscription, announces interest rate