The Debt Management Office (DMO) has opened the May 2026 Federal Government of Nigeria (FGN) Savings Bond.
It invites Nigerians to invest in a government-backed product offering returns of up to 14.525% per annum.
The Federal Government announced the offer on Monday under existing debt laws.
It provides investors a low-risk option where they can save money, earn interest, and receive full repayment at maturity.
Subscription Window And settlement
The subscription window runs from May 4 to May 8, 2026, and settlement takes place on May 13, 2026.
During this short period, retail investors can actively participate.
Bond Options And Returns
The issuance features two bond options.
First, investors can choose a two-year bond that matures on May 13, 2028 and pays 13.525% annual interest.
Secondly, they can select a three-year bond that matures on May 13, 2029 and delivers 14.525% annual return.
Both bonds cost ₦1,000 per unit.
Investors must subscribe for at least ₦5,000, while they can invest up to ₦50 million.
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In addition, the DMO pays interest quarterly, and it returns the principal in full at maturity.
Market Listing And Investor Appeal
Furthermore, the DMO says the programme promotes financial inclusion and strengthens Nigeria’s savings culture.
It also aims to give citizens safer investment choices.
The May 2026 offer follows the April 2026 issuance.
That earlier offer delivered yields of up to 14.082%.
Investors responded to similar structures in that cycle.
In that April issuance, the DMO offered two- and three-year bonds. It also paid quarterly interest and maintained consistent terms.
Moreover, the Nigerian Exchange Limited lists the bonds, so investors can trade them on the secondary market.
This listing increases flexibility and liquidity.
In addition, banks and trustees can hold these bonds as eligible assets.
This strengthens their attractiveness across financial institutions.
The bonds also enjoy tax exemptions under Nigerian tax laws.
Meanwhile, pension funds and institutional investors can actively participate.
As interest rates remain high, demand for fixed-income investments continues to grow.
At the same time, inflation shows signs of gradual moderation.
Finally, with yields above 13% and reaching 14.525%, investors are likely to show strong interest.
Consequently, retail investors and cooperatives may drive significant demand.
