The Debt Management Office (DMO) has commenced subscriptions for the August 2026 FGN Savings Bonds, offering Nigerians an opportunity to invest in two Federal Government-backed securities with annual interest rates of 13.96 percent and 14.96 percent.
According to a circular issued by the agency, the FGN Savings Bonds include a 2-year bond maturing on August 12, 2028, with a coupon rate of 13.96 percent per annum, and a 3-year bond due on August 12, 2029, carrying an annual interest rate of 14.96 percent.
The DMO stated that both investment options are priced at ₦1,000 per unit, with a minimum subscription of ₦5,000 and additional investments accepted in multiples of ₦1,000. The maximum amount any investor can subscribe for is ₦50 million.
“Unit of sale: ₦1,000 per unit subject to a minimum subscription of ₦5,000 and in multiples of ₦1,000 thereafter, subject to a maximum subscription of ₦50,000,000,” the circular stated.
The subscription window for the August offer opens on Monday, August 3, 2026, and closes on Friday, August 7, 2026, while successful investors are expected to receive their bond allocations on the settlement date of August 12, 2026.
Interest payments will be made quarterly on November 12, February 12, May 12 and August 12 throughout the life of the bonds.
Highlighting the benefits of the FGN Savings Bonds, the DMO noted that the instruments qualify as approved investment securities under the Trustee Investment Act, making them suitable for trustees and institutional investors.
The Office also explained that the bonds qualify as government securities under both the Company Income Tax Act (CITA) and the Personal Income Tax Act (PITA), enabling eligible investors, including pension funds, to enjoy applicable tax exemptions.
In addition, the bonds are listed on the Nigerian Stock Exchange, enhancing their accessibility and tradability, while also qualifying as liquid assets that banks can use in calculating their statutory liquidity ratios.
The DMO further assured investors that the securities are fully backed by the full faith and credit of the Federal Government of Nigeria and secured against the nation’s general assets, reinforcing their status as one of the country’s low-risk investment options.
