The Debt Management Office (DMO) of Nigeria has officially opened subscriptions for the Federal Government of Nigeria Savings Bonds, set to mature in October 2026. This announcement was made on October 5, 2026, via the DMO's official X account, highlighting two distinct offerings: a two-year bond with an interest rate of 13.071 percent and a three-year bond with an interest rate of 14.071 percent per annum.

The two-year bond is scheduled to mature on October 14, 2028, while the three-year bond will reach maturity on October 14, 2029. The subscription period for these bonds will close on October 9, 2026, with settlement expected to occur on October 14, 2026.

Priced at N1,000 per unit, the bonds require a minimum subscription of N5,000, with subsequent investments available in multiples of N1,000. Investors can subscribe up to a maximum of N50 million. The DMO has assured that interest payments on the bonds will be made quarterly, and the principal amount will be repaid in full upon maturity.

These savings bonds are being issued under the authority of the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP L17, LFN 2004. They are recognized as government securities, qualifying for tax exemptions under the Company Income Tax Act and the Personal Income Tax Act, making them particularly attractive to pension funds and other institutional investors.

The DMO emphasized that these bonds are backed by the full faith and credit of the Federal Government of Nigeria and are secured against the country's general assets. Additionally, they are listed on the Nigerian Exchange Limited, allowing them to be classified as liquid assets for banks' liquidity ratio calculations.

Investors interested in purchasing these bonds are encouraged to reach out to stockbroking firms that have been designated as distribution agents by the DMO. A comprehensive list of these authorized agents can be found on the DMO's official website, providing a straightforward path for potential investors to engage in this opportunity.