The Debt Management Office (DMO) has opened subscription for the May 2026 Federal Government of Nigeria (FGN) Savings Bond, offering interest rates of up to 14.525% per annum.
In a notice issued on Monday, the DMO said the offer is being made on behalf of the Federal Government in line with existing debt management regulations. The subscription window runs from May 4 to May 8, 2026, while settlement is scheduled for May 13, 2026. The programme is designed to provide retail investors with access to low-risk, government-backed securities.
The offer consists of two instruments with different tenors. The first is a two-year bond maturing on May 13, 2028, with an annual interest rate of 13.525%. The second is a three-year bond due on May 13, 2029, offering a higher yield of 14.525% per annum.
According to the DMO, the bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum investment limit of N50 million. Interest payments will be made quarterly, while the principal will be repaid in full at maturity.
The agency said the initiative is part of efforts to deepen financial inclusion, encourage savings, and provide secure investment opportunities for Nigerians through government-backed instruments.
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