{
  "id": 11428613,
  "title": "FGN Savings Bond allotments jump N11 billion to N47.25 billion in 9 months",
  "url": "https://urgent.news/2026/10/02/fgn-savings-bond-allotments-jump-n11-billion-to-n47-25-billion-in-9",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T11:11:29.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/02/fgn-savings-bond-allotments-jump-n11-billion-to-n47-25-billion-in-9-months/"
  },
  "original_language": "en",
  "account": "The Federal Government of Nigeria (FGN) Savings Bond allotments surged by N11.02 billion to reach N47.25 billion in the first nine months of 2026, as per Nairametrics' examination of the Debt Management Office (DMO) monthly auction results. This marked an increase from N36.23 billion recorded during the same period in 2025. The rise in allotments was primarily driven by stronger allocations in January, February, July, August, and September, despite some months witnessing lower allocations compared to the equivalent period in 2025. The DMO issued a total of N47.25 billion through the FGN Savings Bond between January and September 2026, up from N36.23 billion during the same timeframe in 2025. Notably, the September result was bolstered by allotments of N6.19 billion in July and N5.86 billion in August. The increase in savings bond allotments coincides with a larger Federal Government borrowing programme and a growing public debt stock, providing context for sustained issuance across various Federal Government securities, including savings bonds. FGN Savings Bonds are accessible government securities with units priced at N1,000 and a minimum subscription of N5,000, with additional subscriptions allowed in multiples of N1,000 up to a maximum of N50 million. Backed by the full faith and credit of the Federal Government of Nigeria, these securities qualify as government securities under pertinent tax laws and are considered an investment instrument for trustees and a liquid asset for banks' liquidity ratio calculations. Additionally, the FGN Savings Bonds are listed on the Nigerian Exchange, offering investors another avenue to engage in government securities.",
  "summary": "Federal Government of Nigeria (FGN) Savings Bond allotments rose by N11.02 billion to N47.25 billion in the first nine months of 2026, from N36.23 billion recorded in the corresponding period of 2025. The post FGN Savings Bond allotments jump N11 billion to N47.25 billion in 9 months appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}