The Debt Management Office (DMO) has opened its November 2026 Federal Government of Nigeria (FGN) Savings Bond offer, with the three-year instrument offering an interest rate of 14.25% per annum.
This was contained in the DMO’s offer circular for November issued on Monday.
The rate is higher than the 14.071% offered on the same tenor in October, reflecting an increase in the yields available to retail investors.
The November offer comprises two-year and three-year bonds, with subscriptions closing on November 6, 2026.
For November, the DMO is offering a two-year FGN Savings Bond due on November 11, 2028, at 13.25% per annum and a three-year bond due on November 11, 2029, at 14.25% per annum.
The bonds are backed by the full faith and credit of the Federal Government of Nigeria, with the three-year instrument offering a higher annual return than the two-year bond.
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 access government-backed fixed-income securities with quarterly interest payments.
The November offer comes amid an increase in FGN Savings Bond allotments during the first nine months of 2026.
Offer ranges widen significantly at this auction, with N600 billion to N800 billion available on both instruments.
The November issue gives investors another opportunity to earn fixed quarterly returns through a Federal Government-backed security, with the three-year bond offering the higher rate of the two available options.
