DMO: Nigerian govt opens 2026 savings bond subscription, announces interest rate

Nigeria's Federal Government, via the Debt Management Office (DMO), has initiated the subscription for its October 2026 Federal Government of Nigeria Savings Bonds. The DMO announced the offer on its X account, revealing two interest rates for the bonds: 13.071 percent for a two-year term and 14.071 percent for a three-year term.

The two-year bond matures on October 14, 2028, while the three-year bond matures on October 14, 2029. Investors have until October 9, 2026, to subscribe, with settlements scheduled for October 14, 2026. The bonds are priced at N1,000 per unit, with a minimum investment of N5,000 and subsequent investments in multiples of N1,000, capped at N50 million.

Interest payments are made quarterly, with bullet repayment of the principal upon maturity. These securities are recognized as investments for trustees under investment laws and as government securities under tax acts, entitling eligible investors, such as pension funds, to tax exemptions. The bonds are traded on the Nigerian Exchange Limited, qualifying as liquid assets for banks' liquidity ratio calculations.

The DMO emphasized that the bonds are secured by the Federal Government's full faith and credit and are charged against the country's general assets. Coupon payments are made on January 14, April 14, July 14, and October 14. Investors are advised to reach out to the DMO-appointed stockbroking firms as distribution agents for subscription. Prospective investors are directed to the DMO's official website for a list of authorized agents.