The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria (FGN) Savings Bond, offering investors an opportunity to earn returns of up to 15.716 per cent annually. The latest bond issuance comes with the highest interest rate recorded in the savings bond programme since the beginning of the year, increasing its appeal among Nigerians looking for safer investment options.
The investment offer, issued on behalf of the Federal Government, opened on July 6, 2026, and will close on July 10, 2026, with settlement scheduled for July 15. According to the DMO, the initiative is part of ongoing efforts to encourage savings, promote financial inclusion, and provide citizens with access to secure government-backed investment opportunities.
The July offer features two bond options designed to suit different investor timelines. The two-year FGN Savings Bond, which matures on July 15, 2028, carries an interest rate of 14.716 per cent per annum, while the three-year bond, set to mature on July 15, 2029, offers a higher annual return of 15.716 per cent. Investors can purchase units at N1,000 each, with a minimum investment of N5,000 and a maximum subscription limit of N50 million.
The new rates represent a significant increase compared with the June 2026 bond issuance, where the two-year bond offered 13.777 per cent and the three-year bond offered 14.777 per cent annually. The increase of more than 94 basis points highlights the government’s move to make the savings bond more attractive as investors continue to seek better returns amid changing economic conditions.
Beyond competitive returns, the FGN Savings Bond offers additional benefits, including quarterly interest payments on January 15, April 15, July 15, and October 15, with the principal repaid at maturity. Backed by the full faith and credit of the Federal Government of Nigeria, the bonds are also listed on the Nigerian Exchange Limited, allowing investors to trade them in the secondary market while enjoying regulatory and tax advantages.
source: punch