By Seun Ibiyemi
The Debt Management Office (DMO) has opened subscriptions for the May 2026 Federal Government (FGN) Savings Bonds, offering Nigerians investment opportunities with returns of up to 14.525 per cent per annum.
The offer, announced on behalf of the Federal Government of Nigeria, runs from May 4 to May 8, 2026, with settlement scheduled for May 13.
It is designed to provide retail investors with access to low-risk, government-backed securities while promoting savings and financial inclusion.
According to the DMO, the May issuance features two bond instruments tailored to different investment horizons.
A two-year bond due May 13, 2028 offers an annual interest rate of 13.525 per cent, while a three-year bond due May 13, 2029 carries a higher return of 14.525 per cent.
The bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million, making them accessible to a broad range of investors. Interest payments are to be made quarterly, with the principal repaid in full at maturity.
The DMO noted that the savings bond programme is part of ongoing efforts to deepen the domestic debt market and encourage wider retail participation through affordable entry points and predictable returns.
READ ALSO:Ezekwesili slams Tinubu’s tour amidst S’Africa xenophobia
The agency also highlighted the safety of the instruments, given their backing by the Federal Government.
The bonds are listed on the Nigerian Exchange Limited, enabling investors to trade them on the secondary market. They also qualify as liquid assets for banks and as eligible securities for trustees.
The latest offer follows the April 2026 issuance, which recorded interest rates of up to 14.082 per cent per annum, further reflecting rising yields in the government securities market.
