Nigerian Exchange Limited Lists N3.64 Billion April 2026 FGN Savings Bonds

Federal Government of Nigeria has listed its April 2026 Savings Bonds on Nigerian Exchange Limited as authorities continue efforts to deepen retail participation in the domestic debt market amid elevated interest rates and rising demand for fixed-income securities.

The Nigerian Exchange disclosed that the new bond instruments were admitted to the official list on Monday, May 18, 2026.

The April 2026 issuance consists of two separate bond series valued at a combined N3.64 billion.

The first tranche, named 13.082% FGN Savings Bond APR 2028, recorded a total issuance of N864.96 million with 864,961 units allotted.

The bond carries a coupon rate of 13.082 percent and will mature on April 15, 2028.

The second tranche, 14.082% FGN Savings Bond APR 2029, recorded a larger issuance of N2.77 billion with 2,773,578 units allotted. The bond offers a coupon rate of 14.082 percent and will mature on April 15, 2029.

Both bond series were issued on April 15, 2026 and will pay coupons quarterly on July 15, October 15, January 15 and April 15 throughout their respective tenors.

The listing further expands the range of sovereign fixed-income instruments available to retail and institutional investors on the Nigerian capital market as the government intensifies domestic borrowing efforts to support fiscal obligations and infrastructure financing needs.

Analysts said the double-digit yields attached to the instruments are likely to sustain investor appetite for government-backed securities, particularly among conservative investors seeking stable returns in a high-inflation environment.

The FGN Savings Bond programme was introduced to encourage retail investor participation in the bond market by providing accessible investment opportunities backed by the full faith and credit of the Federal Government.

With yields remaining elevated across the fixed-income market, analysts expect continued strong subscription levels for future savings bond issuances as investors reposition toward safer income-generating assets.