DMO Offers August FGN Savings Bonds at Up to 14.963% Interest

The Debt Management Office (DMO) has opened subscriptions for the Federal Government of Nigeria Savings Bond for August 2026, offering investors annual interest rates of up to 14.963 percent across two maturities.

According to the offer released on behalf of the Federal Government, investors can subscribe to a two-year FGN Savings Bond maturing on August 12, 2028, at 13.963 percent per annum.

The government is also offering a three-year FGN Savings Bond due August 12, 2029, at an interest rate of 14.963 percent per annum.

Subscription for the bonds opened on August 3, 2026, and will close on August 7, 2026, while settlement is scheduled for August 12, 2026.

Interest earned by investors will be paid quarterly, with coupon payments scheduled for November 12, February 12, May 12 and August 12 throughout the life of the instruments.

The bonds are being offered at N1,000 per unit with investors required to make a minimum subscription of N5,000 and additional investments in multiples of N1,000.

Individual subscriptions are capped at N50 million, providing access to the government securities for both small retail investors and investors seeking larger fixed-income allocations.

Principal invested in the securities will be repaid in full at maturity through a bullet repayment structure.

The FGN Savings Bond is backed by the full faith and credit of the Federal Government of Nigeria and is charged against the country’s general assets, providing sovereign backing for investors.

The securities are also listed on the Nigerian Exchange Limited and qualify as investments permitted for trustees under the Trustee Investment Act.

They qualify as government securities for applicable tax exemptions for pension funds and other eligible investors under Nigeria’s tax laws.

For banks, the securities qualify as liquid assets for the purpose of calculating regulatory liquidity ratios.

The August offer provides investors with another opportunity to lock in double-digit fixed-income returns as Nigeria’s interest-rate environment remains elevated.

The higher 14.963 percent yield on the three-year instrument, compared with 13.963 percent on the two-year bond, provides additional compensation to investors willing to commit their capital for a longer period.

Interested investors can submit applications through stockbroking firms appointed as distribution agents by the DMO before the August 7 subscription deadline.