- Tinubu Administration Introduces New Savings Bonds With Interest Rates of 13.96%, 14.96%
- Launches August Savings Bonds at ₦1,000 Per Unit
- Subscription Ends August 7
The Debt Management Office (DMO), on behalf of the Federal Government, has opened subscriptions for its August 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering interest rates of up to 14.96 per cent per annum, Eko Hot Blog reports.
According to the DMO, investors can subscribe to a two-year savings bond due on August 12, 2028, with an annual interest rate of 13.96 per cent, or a three-year savings bond maturing on August 12, 2029, at 14.96 per cent per annum.
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The offer opened on Monday and will close on August 7, while the settlement date has been fixed for August 12.
The agency said the bonds are available at ₦1,000 per unit, with a minimum subscription of ₦5,000 and additional investments in multiples of ₦1,000, subject to a maximum subscription of ₦50 million.
Interest will be paid quarterly on November 12, February 12, May 12 and August 12, while the principal will be repaid in full on the maturity date.
The DMO said the savings bonds are backed by the full faith and credit of the Federal Government and charged upon the general assets of Nigeria.
It added that the securities qualify as trustee investments under the Trustee Investment Act and are recognised as government securities under the Company Income Tax Act and Personal Income Tax Act, making them eligible for tax exemptions for pension funds and certain other investors.
The bonds are also listed on the Nigerian Exchange Limited (NGX) and qualify as liquid assets for banks’ liquidity ratio calculations.
The FGN Savings Bond is a retail investment instrument designed to enable individuals and small investors to participate in government securities with lower entry requirements than conventional FGN bonds.
By subscribing to the bonds, investors lend money to the Federal Government in exchange for regular interest payments and repayment of the principal at maturity.
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