Nigerians can lock in a fixed return of up to 14.25 per cent a year on government-backed savings from as little as N5,000, after the Debt Management Office opened its November 2026 Federal Government of Nigeria savings bond offer.
The DMO stated this in its offer circular for November, issued on Monday.
The offer opened on 2 November and will close on 6 November, leaving interested investors only a few days to subscribe.
The three-year bond, due on 11 November, 2029, pays 14.25 per cent return per annum, while the two-year bond, due on 11 November, 2028, returns 13.25 per cent to the investor. Both rates are 0.179 percentage points higher than the corresponding rates offered in October.
Each unit costs N1,000. Investors can subscribe from N5,000 and add more in multiples of N1,000, up to a maximum of N50m.
Interest payments will be made quarterly on 11 February, 11 May, 11 August and 11 November, while the bonds will be settled on 11 November, 2026. Investors will receive their principal in full when the bonds mature.
The securities are backed by the Federal Government’s full faith and credit and are listed on the Nigerian Exchange Limited. The DMO said investors can subscribe through stockbroking firms appointed by the Debt Management Office as distribution agents.
The bonds qualify as eligible investments for trustees under the Trustee Investment Act and as government securities under applicable tax laws. Banks can also include them as liquid assets when calculating their liquidity ratios.
The offer comes amid growing interest in retail government securities. Between January and September 2026, allotments of FGN Savings Bonds rose to N47.25bn from N36.23bn in the corresponding period of 2025, an increase of N11.02bn.
The increase suggests stronger demand for retail government securities despite fluctuations in interest rates offered during the year.
The DMO had earlier outlined plans to raise about N4tn through FGN bond auctions in the third quarter of 2026. Under the latest savings bond offer, the agency is making between N600bn and N800bn available for each of the two instruments.
Arinze Nwafor is a journalist at Punch Newspapers with five years of experience reporting on Nigeria’s economy, industry, data, metro, and judiciary. He focuses on highlighting growth, policy, and market challenges shaping Africa’s largest economy. Arinze’s reporting reflects practical newsroom experience, editorial judgment, and a strong commitment to accurate, informative, and audience-focused journalism.