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Nigeria’s Debt Management Office has launched its August 2026 FGN Savings Bond issuance for retail investors. The programme features two fixed-income instruments yielding up to 14.963% annually, with a low entry barrier minimum of ₦5,000.
According to a Monday announcement by the debt office, a two-year savings bond maturing on August 12, 2028, has been launched with an annual interest rate of 13.963%. Simultaneously, a three-year bond due on August 12, 2029, is being offered with a coupon rate of 14.963% per annum.
The subscription window runs from 3 August to 7 August, and the settlement date is 12 August, meaning interest starts that day for successful buyers.
According to the DMO, individual bond units are valued at ₦1,000. While the entry-level investment is set at a minimum of ₦5,000, investors can increase their commitment in ₦1,000 increments up to a ceiling of ₦50 million.
Interest on the savings bonds will be paid every quarter throughout their tenure. Coupon payments are scheduled for 12 November, 12 February, 12 May and 12 August, providing investors with a predictable stream of income until the bonds mature.
The Federal Government Savings Bond programme is designed to encourage retail participation in the domestic debt market by giving individuals access to secure investment opportunities backed by the sovereign. It also supports the government’s strategy of diversifying its domestic funding sources while promoting a savings culture among Nigerians.
According to the DMO, the securities are listed on the Nigerian Exchange, enabling investors to trade them in the secondary market before maturity if they choose.
The agency added that the bonds qualify as liquid assets for banks in the computation of liquidity ratios and are eligible for tax exemptions under the Companies Income Tax Act and the Personal Income Tax Act for qualifying investors, including pension funds.
The Debt Office further assured investors that the instruments are backed by the full faith and credit of the Federal Government of Nigeria and constitute obligations charged upon the general assets of the federation, making them one of the country’s safest investment options.
