The Federal Government, through the Debt Management Office, has opened subscription for its October 2026 FGN Savings Bond offering investors annual interest rates of 13.071 per cent and 14.071 per cent.
The latest offer comprises a two-year bond and a three-year instrument, giving retail investors an opportunity to lend directly to the Federal Government through a relatively accessible fixed-income investment.
The two-year FGN Savings Bond carries an annual interest rate of 13.071 per cent and is scheduled to mature on October 14, 2028.
The three-year bond offers a higher annual interest rate of 14.071 per cent and will mature on October 14, 2029.
The October offer opened on October 5 and is scheduled to close on October 9, according to information released by the DMO.
The latest rates represent a reduction from the previous month’s offering, reflecting the changing interest-rate environment in the domestic fixed-income market.
FGN Savings Bonds are designed particularly to broaden participation in government securities by providing individuals and smaller investors with access to instruments traditionally dominated by institutional investors.
For investors, the attraction lies in the predictable interest payments and the backing of the Federal Government, although—as with other investments—investors should consider the maturity period, prevailing inflation rate and alternative returns available in the market before committing funds.
The DMO has continued to use the monthly savings-bond programme as part of its strategy to deepen Nigeria’s domestic investment market while mobilising funds for government financing.
The October offer therefore comes at a time when investors are closely monitoring interest rates, inflation and the broader direction of Nigeria’s monetary and fiscal policies.
Investors interested in the offer are expected to subscribe through authorised channels before the October 9 deadline.