{
  "id": 15715395,
  "title": "FG Savings Bond allotment drops 8.5% to N6.12 billion in October",
  "url": "https://urgent.news/2026/10/20/fg-savings-bond-allotment-drops-8-5-to-n6-12-billion-in-october",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T06:34:34.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/20/fg-savings-bond-allotment-drops-8-5-to-n6-12-billion-in-october/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 .",
  "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."
}