The Debt Management Office (DMO) has opened subscriptions for its August 2026 Federal Government Savings Bond, offering retail investors annual returns of up to 14.963 per cent as part of efforts to deepen public participation in Nigeria’s domestic debt market.
According to a notice issued by the DMO on Monday, investors can subscribe to a two-year savings bond maturing on August 12, 2028, with an interest rate of 13.963 per cent per annum, or a three-year bond maturing on August 12, 2029, offering a higher annual coupon of 14.963 per cent.
The subscription window opened on August 3 and will close on August 7, while the settlement date has been fixed for August 12, 2026, from which successful investors will begin earning interest.
The DMO stated that each bond unit is priced at ₦1,000, with a minimum subscription of ₦5,000 and additional investments accepted in multiples of ₦1,000, up to a maximum investment of ₦50 million.
Investors will receive interest payments quarterly throughout the life of the bonds, with coupon payments scheduled for November 12, February 12, May 12 and August 12 each year.
The Federal Government Savings Bond programme is designed to encourage retail investment in government securities by providing Nigerians with access to low-risk investment opportunities backed by the sovereign.
The initiative also supports the Federal Government’s strategy of diversifying domestic borrowing sources while promoting a stronger savings culture among individuals.
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The DMO noted that the bonds are listed on the Nigerian Exchange (NGX), allowing investors to trade them in the secondary market before maturity if they wish.
It added that the securities qualify as liquid assets for banks in calculating liquidity ratios and are eligible for tax exemptions under the Companies Income Tax Act and the Personal Income Tax Act for qualifying investors, including pension funds.
The debt office further assured investors that the savings bonds are backed by the full faith and credit of the Federal Government and constitute obligations charged upon the general assets of the federation, making them one of the safest investment instruments available in Nigeria.
