Nigeria Opens October 2026 Savings Bond Subscription, Sets 13.071% and 14.071% Rates
The Debt Management Office (DMO) opened subscription for 2026 Federal Government of Nigeria Savings Bonds on Oct 5, 2026.
In Brief
- •The Debt Management Office (DMO) opened subscription for 2026 Federal Government of Nigeria Savings Bonds on Oct 5, 2026.
- •Two‑year bonds carry a 13.071% annual rate; three‑year bonds carry 14.071% per annum.
- •Subscription closes Oct 9, 2026; settlement on Oct 14, 2026; bonds mature Oct 14, 2028 (2‑yr) and Oct 14, 2029 (3‑yr).
Why It Matters
The new savings bonds offer Nigerian investors a high‑yield, government‑backed investment option, potentially boosting domestic savings and providing the federal government with a cost‑effective financing tool. The quarterly coupon payments and tax‑exempt status for pension funds may attract institutional capital, supporting broader financial market liquidity and fiscal stability.
Key Details
- Two‑year bond interest rate
- 13.071% per annum
- Three‑year bond interest rate
- 14.071% per annum
- Subscription window
- Oct 5 – Oct 9, 2026
- Maximum subscription
- N50 million
- Unit price
- N1,000 per unit
- Maturity dates
- Oct 14, 2028 (2‑yr), Oct 14, 2029 (3‑yr)
Context & Background
The savings bonds are issued under the Debt Management Office (Establishment) Act 2003 and the Local Loans Act, CAP L17, LFN 2004, and are listed on the Nigerian Exchange Limited, qualifying as liquid assets for banks’ liquidity ratios.
Original Reporting & Sources
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