The Debt Management Office (DMO) has opened its October 2026 Federal Government of Nigeria Savings Bond offer, with the three-year instrument offering an interest rate of 14.071% per annum.
This was contained in DMO’s circular issued on Monday.
The rate is lower than the 15.12% offered on the same tenor in September, reflecting changes in the domestic interest-rate environment.
The October offer comprises two-year and three-year bonds, with subscriptions closing on October 9, 2026.
For October, the DMO is offering a two-year FGN Savings Bond due on October 14, 2028, at 13.071% per annum and a three-year bond due on October 14, 2029, at 14.071% per annum.
The bonds are backed by the full faith and credit of the Federal Government of Nigeria.
The October offer gives investors the option of locking in fixed quarterly returns, with the longer-dated bond carrying a 1 percentage-point premium over the two-year instrument.
The FGN Savings Bond is structured as a retail investment product, with each unit priced at N1,000. Investors can subscribe from N5,000 and increase their holdings in multiples of N1,000, subject to a maximum subscription of N50 million.
The structure allows individual investors to participate in the domestic government securities market through a relatively accessible Federal Government-backed instrument.
The October offer comes amid stronger FGN Savings Bond allotments in 2026, with total allotments increasing during the first nine months of the year.
Offer ranges widen significantly at this auction, with N600 billion to N800 billion available on both instruments.
