The Debt Management Office (DMO) has opened subscriptions for the January 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering investors returns of up to 15.39% per annum.Nigerian Fashion Updates

 

 

 

The new issuance features a two-year and three-year tenor, targeted primarily at retail savers but also open to institutional participation. The bonds are backed by the full faith and credit of the Federal Government, positioning them among the safest fixed-income instruments in the domestic market.

 

 

 

 

Under the latest offer, the two-year FGN Savings Bond, due January 21, 2028, carries a coupon rate of 14.396% per annum, while the three-year bond, maturing on January 21, 2029, offers 15.396% per annum. Subscriptions opened on January 12 and close on January 16, with settlement set for January 21.

 

 

 

The bonds are priced at ₦1,000 per unit with a minimum subscription of ₦5,000 and additional purchases in multiples of ₦1,000, up to a maximum of ₦50 million per investor. Coupon payments will be made quarterly on April 21, July 21, October 21 and January 21 until maturity.

 

 

 

 

 

The instruments are listed on the Nigerian Exchange Limited (NGX), enabling holders to sell on the secondary market should early liquidity be required. Interest income on the bonds is tax-exempt for eligible investors, including pension funds and trustees under the Trustee Investment Act.

 

 

 

The issuance aligns with the Federal Government’s broader strategy to deepen the domestic debt market and promote long-term savings, particularly in a period of elevated interest rates and tight monetary policy.

 

 

 

Recent pricing trends from the DMO reflect sustained investor demand for inflation-hedging instruments. Throughout 2025, several savings bond issuances were priced in the mid-to-high teens, with some nearing 18% per annum. The January offer represents an increase from December 2025, when the two-year savings bond was issued at 13.565% and the three-year at 14.565% per annum.