DMO raises FGN Savings Bond rates to 13.25%, 14.25% for November

The Debt Management Office (DMO) has announced an increase in the interest rates for the November 2026 Federal Government of Nigeria (FGN) Savings Bond, offering a rate of 14.25% per annum for the three-year instrument. This is an increase from the 14.071% offered in October, reflecting a rise in yields available to retail investors.

The November offer includes both two-year and three-year bonds, with subscriptions closing on November 6, 2026. The two-year bond, due on November 11, 2028, offers a rate of 13.25% per annum, while the three-year bond, due on November 11, 2029, offers a higher rate of 14.25% per annum. The bonds are backed by the full faith and credit of the Federal Government of Nigeria and are structured as a retail investment product, with each unit priced at N1,000.

Investors can subscribe from N5,000 and increase their holdings in multiples of N1,000, with a maximum subscription of N50 million.

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