The Debt Management Office (DMO) has opened subscription for the July 2026 series of Federal Government of Nigeria (FGN) Savings Bonds, offering investors annual returns of up to 15.716% the highest rate recorded in the programme this year.
The subscription window runs from July 6 to July 10, 2026, with settlement scheduled for July 15. The offer consists of two instruments designed to suit different investment horizons:
– A two-year bond due July 15, 2028, yielding 14.716% per annum.
– A three-year bond due July 15, 2029, yielding 15.716% per annum.
Bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million. Interest payments will be made quarterly, while the principal is repaid in full at maturity.
Sharp Rise in Yields
The new rates represent an increase of approximately 94 basis points on both tenors compared to the June issuance, reflecting the current elevated interest rate environment and the DMO’s strategy to keep retail savings instruments competitive.
The bonds are backed by the full faith and credit of the Federal Government and offer several advantages, including tax exemptions under relevant income tax laws, eligibility for pension funds and trustees, and listing on the Nigerian Exchange Limited for secondary market trading. They also qualify as liquid assets for banks’ liquidity ratio calculations.
The latest issuance forms part of the government’s ongoing efforts to mobilise domestic savings, promote financial inclusion, and provide secure investment options for both individual and institutional investors amid rising yields in the broader fixed income market.
