Nigeria's DMO offers 2-year, 3-year savings bonds for August subscription

The Debt Management Office (DMO) has announced the availability of Federal Government of Nigeria (FGN) Savings Bonds for August, offering investors a chance to purchase 2-year and 3-year instruments.

The 2-year savings bond, due for maturity on August 12, 2028, comes with an annual interest rate of 13.96 percent. The 3-year bond, maturing on August 12, 2029, offers a higher rate of 14.96 percent per annum. Both bonds are issued at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50,000,000.

The offer period opens on August 3, 2026, and closes on August 7, 2026, with a settlement date set for August 12, 2026. Coupon payments will be distributed quarterly on November 12, February 12, May 12, and August 12.

The DMO highlighted the significant benefits of these FGN savings bonds. They qualify as securities for trustee investments under the Trustee Investment Act and are recognized as government securities for tax exemption purposes under the Company Income Tax Act and Personal Income Tax Act. Furthermore, they are listed on The Nigerian Stock Exchange and count as liquid assets for banks' liquidity ratio calculations. The bonds are backed by the full faith and credit of the Federal Government of Nigeria.