Best high-yield savings interest rates today, Tuesday, September 8, 2026: Earn up to 4.10% APY

The Debt Management Office (DMO) of Nigeria has launched its September 2026 Savings Bond offer, providing investors with up to a 15.12% annual interest rate. This announcement was made in a circular on Monday. The bond has a two-year maturity, due on September 16, 2028, with a subscription period starting from September 7, 2026, closing on September 11, 2026.

Settlement is scheduled for September 16, 2026. Quarterly interest payments are made on December 16, March 16, June 16, and September 16, 2026. The principal is to be repaid in full at the bond's maturity. The offer includes two bond series: a two-year bond with a 14.12% annual interest rate and a three-year bond offering 15.12% per annum.

The FGNSB is designed for retail investors who want exposure to a government-backed investment with quarterly interest payments and a defined maturity date. In August 2026, the DMO raised N5.86 billion through the FGNSB, a decrease from the N6.19 billion raised in July, suggesting a decline in investor demand during that month. The DMO is not introducing any new bond series, indicating that it is consolidating liquidity around existing benchmarks, with a preference for medium and long-dated instruments over the three-month period.

The DMO primarily issues FGN bonds to finance the government's substantial budget deficits for 2026 and refinance maturing obligations. The FGNSB is also recognized as an investment instrument for trustees under the Trustee Investment Act and as a liquid asset for banks' liquidity ratio calculations. The bonds are traded on the Nigerian Exchange.