The Debt Management Office (DMO) has opened subscription for two Federal Government of Nigeria (FGN) Savings Bonds for September 2026, offering investors annual interest rates of up to 15.12 per cent.
The latest offer comprises a two-year FGN Savings Bond due on September 16, 2028, with an interest rate of 14.12 per cent per annum, and a three-year bond due on September 16, 2029, offering 15.12 per cent annually.
The DMO, which announced the offer on Monday, said the bonds were available at N1,000 per unit, with investors required to subscribe for a minimum of N5,000.
Subscriptions can subsequently be made in multiples of N1,000, subject to a maximum investment of N50 million, according to details of the offer.
The interest on the bonds will be paid quarterly, while the principal will be repaid at maturity in a single payment, known as bullet repayment.
The securities are backed by the full faith and credit of the Federal Government, making them government-backed fixed-income investments.
The September offer provides retail investors with an opportunity to invest directly in government securities without the relatively high entry requirements often associated with other investment instruments.
The two-year bond carries a lower annual interest rate of 14.12 per cent but has a shorter maturity period, while investors who opt for the three-year instrument will receive 15.12 per cent annually and hold the investment until September 2029.
The DMO has continued to use the FGN Savings Bond program as part of efforts to broaden participation in the domestic debt market and encourage a stronger savings and investment culture among Nigerians.
Unlike some other government securities that are traditionally dominated by institutional investors, the savings bond is structured to accommodate individual investors and smaller savers.
The September offer comes amid continued efforts by investors to preserve the value of their savings and secure predictable returns in an economy where inflation and market volatility remain key considerations.
For investors considering the offer, the difference in tenor and interest rate means that the choice between the two bonds will depend largely on their investment horizon and liquidity needs.
Those seeking an earlier maturity may favour the two-year instrument, while investors prepared to keep their funds invested for an additional year may opt for the three-year bond because of its higher annual return.
The DMO has published the September 2026 FGN Savings Bond offer as part of its latest government securities program.
The latest issuance reinforces the government’s drive to provide Nigerians with access to relatively low-risk investment opportunities while mobilizing domestic funds to support public financing.
Investors are expected to review the terms of the offer, including the interest rates, maturity dates and subscription limits, before making their investment decisions
