The Debt Management Office (DMO) of Nigeria has announced the availability of 2-year and 3-year Federal Government of Nigeria (FGN) Savings Bonds for subscription in August 2026. The 2-year bond, maturing on August 12, 2028, offers an interest rate of 13.96% per annum, while the 3-year bond, maturing on August 12, 2029, offers a higher rate of 14.96% per annum. Both bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50,000,000. The subscription period opens on August 3, 2026, and closes on August 7, 2026, with settlement scheduled for August 12, 2026. Coupon payments will be made quarterly, and the bonds qualify as government securities for tax exemptions and investment by trustees. These instruments are backed by the full faith and credit of the Nigerian government.
NigeriaNewsFeed summary based on reporting from Vanguard News.
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