The Debt Management Office (DMO) has launched the July 2026 FGN Savings Bond, offering Nigerians an opportunity to earn up to 15.716% annual interest, the highest rate recorded under the savings bond programme this year. The offer, announced on behalf of the Federal Government, is expected to attract strong investor interest as rising yields continue to reshape the country’s fixed-income market.
The subscription window opened on July 6 and will close on July 10, 2026, with settlement scheduled for July 15. According to the DMO, the initiative is aimed at encouraging savings, deepening financial inclusion, and providing Nigerians with access to safe and government-backed investment opportunities. The agency emphasized that the bonds remain one of the most secure investment options available, backed by the full faith and credit of the Federal Government of Nigeria.
Investors can choose between two bond offerings. The two-year FGN Savings Bond maturing on July 15, 2028, offers an annual interest rate of 14.716%, while the three-year bond maturing on July 15, 2029, comes with a higher return of 15.716% per annum. The bonds are priced at N1,000 per unit, with a minimum investment of N5,000 and a maximum subscription limit of N50 million. Interest payments will be made quarterly, while the principal investment will be repaid in full at maturity.
The latest offer represents a significant increase from the June 2026 issuance, where investors earned 13.777% and 14.777% on the two-year and three-year bonds respectively. The roughly 94-basis-point jump in rates marks one of the sharpest month-to-month increases seen in the programme this year. Market analysts attribute the rise to continued tightening in the domestic money market and efforts by the DMO to keep the savings bond attractive amid increasing Treasury Bill and Open Market Operation (OMO) rates.
With yields now at their highest levels in 2026, industry observers expect strong demand from retail investors, cooperatives, pension funds, and high-net-worth individuals seeking stable returns in a high-interest-rate environment. In addition to being tradable on the Nigerian Exchange, the bonds enjoy tax benefits under existing laws and qualify as liquid assets for banks. Interested investors are advised to contact DMO-appointed stockbroking firms before the subscription window closes.
source: nairametrics