The Debt Management Office (DMO) has offered Nigerians investment opportunities with returns of up to 15.716% per annum, the highest interest rate compared with the previous issuances since this year, in the July 2026 FGN Savings Bond subscription.
The subscription window runs from July 6 to July 10, 2026, with settlement scheduled for July 15, providing retail investors access to low-risk, government-backed securities.
The DMO stated that the bond issuance is part of ongoing efforts to provide secure investment options while promoting financial inclusion and savings among Nigerians.
The agency also emphasised the safety and liquidity of the instrument.
Announcing the offer on behalf of the Federal Government of Nigeria, the DMO noted that the move is in pursuance of the (Establishment Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004.
The July 2026 offer includes two bond instruments designed to cater to varying investor preferences and timelines.
A two-year FGN Savings Bond due July 15, 2028, offers 14.716% annual interest.
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A three-year bond due July 15, 2029, offers a higher return of 15.716% annually.
This indicates more than 94 basis points increase in interest rates over the June Savings Bonds offer.
Bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50,000,000.
Interest payments are made quarterly on October 15, January 15, April 15, and July 15, while the principal is repaid in full at maturity via bullet repayment.
With yields now at 14.716% and 15.716% respectively, the July offer significantly beats expectations built on the gradual, incremental increases seen in prior months.
The July 2026 rates represent roughly a 94-basis point jump on both the two-year and three-year tenors compared to the prior month’s offer, marking one of the sharpest month-on-month increases in the savings bond programme this year.
The bonds are listed on the Nigerian Exchange Limited, allowing investors to trade them on the secondary market. They also qualify as liquid assets for banks’ liquidity ratio calculations and as eligible securities for trustees investing under the Trustee Investment Act.
