FGN Savings Bond Records N5.9bn in February 2026 Subscriptions, Three-Year Tenor Leads Demand

The Federal Government of Nigeria (FGN) has successfully raised N5.913 billion from retail investors through its February 2026 Savings Bond offer, the Debt Management Office (DMO) announced. The subscription window, which ran from February 2 to February 6, attracted strong participation in both the two-year and three-year tenors, reflecting sustained investor confidence in government-backed securities.

Data from the DMO reveals that the three-year FGN Savings Bond, with a 15.356% coupon rate, drew N4.398 billion from 2,195 subscriptions, outperforming the two-year instrument that recorded N1.514 billion from 2,631 subscriptions at a 14.356% coupon rate. Combined, the two instruments provided the government with nearly N5.9 billion in fresh retail funding, highlighting the growing appetite for stable, income-generating investments.

Investors in the February 2026 FGN Savings Bonds are set to receive interest payments quarterly on May 11, August 11, November 11, and February 11 throughout the life of the instruments. These predictable payouts make the bonds particularly appealing to conservative retail investors seeking a steady income stream amidst fluctuating interest rates and market conditions.

The FGN Savings Bond programme was introduced to deepen Nigeria’s domestic debt market while making government securities accessible to small and medium-scale investors. With relatively low entry barriers, guaranteed principal repayment, and sovereign backing, the bonds offer a low-risk avenue for individuals looking to build savings or diversify their investment portfolios. Monthly issuances by the DMO ensure consistent engagement and financial inclusion across the retail investor community.

With double-digit yields and quarterly interest payments, the FGN Savings Bond continues to be a cornerstone of Nigeria’s retail debt strategy. As the government leverages these instruments to support fiscal operations and fund budget deficits, retail investors benefit from a safe, predictable, and relatively high-return investment, cementing the programme’s role in promoting a savings culture nationwide.

source: nairametrics