FG Savings Bond allotment drops 8.5% to N6.12 billion in October
The Federal Government of Nigeria Savings Bond allotment fell by 8.5% to N6.12 billion in October 2026, down from N6.69 billion in September, according to data from the Debt Management Office (DMO). The post FG Savings Bond allotment drops 8.5% to N6.12 billion in October appeared first on Nairametrics .
The Nigerian government's savings bond allotment saw a significant 8.5% decrease to N6.12 billion in October 2026, according to figures from the Debt Management Office (DMO). This marked the steepest monthly decline in allotments since March, when a 34.8% drop to N3.86 billion was recorded. Despite offering a competitive annual interest rate of 14.071% for both the two-year and three-year bonds, the DMO's October allotment was lower than September's N6.69 billion figure.
The majority of funds raised in October came from the three-year bond, with N5.11 billion allocated to it, compared to N6.69 billion in the previous month. The two-year bond, maturing in October 2028, received N1.02 billion at a 13.071% annual coupon. Coupon payments are scheduled quarterly, with settlement occurring on October 14.
The October allotment figures showed that savings bond offerings have fluctuated throughout 2026, with October's decline following a robust September performance, but still remaining higher than the levels observed in March, April, May, and June.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
