From Victor Osula, Abuja
The Debt Management Office (DMO) has unveiled its May 2026 Federal Government (FGN) Savings Bond offer, providing Nigerians with investment options offering returns of up to 14.525 percent annually.
Announced on Monday, on behalf of the Federal Government, the offer is part of ongoing efforts to deepen the domestic debt market and encourage a savings culture among retail investors. The subscription window runs from May 4 to May 8, 2026, with settlement scheduled for May 13.
The DMO emphasised that the bonds are secure, low-risk instruments backed by the Federal Government, making them attractive to individuals seeking stable returns amid evolving economic conditions.
The May offer features two bond options tailored to different investment horizons. A two-year bond due May 13, 2028, offers an annual interest rate of 13.525 percent, while a three-year bond maturing on May 13, 2029, provides a higher return of 14.525 percent per annum. Both instruments are priced at ₦1,000 per unit, with a minimum subscription of ₦5,000 and a maximum of ₦50 million. Interest is paid quarterly, while the principal is repaid in full at maturity.
Compared to the April 2026 issuance, which offered up to 14.082 percent, the May rates reflect a slight upward trend, reinforcing growing investor appetite for fixed-income securities.
The bonds are listed on the Nigerian Exchange, enabling secondary market trading and enhancing liquidity. They also qualify as tax-exempt investments under relevant laws and are recognised as eligible securities for institutional investors, including pension funds.
With yields above 13 percent and 14 percent, analysts expect strong participation from retail investors, cooperatives, and high-net-worth individuals seeking reliable and predictable income streams.
