The Debt Management Office (DMO) has unveiled its July 2026 Federal Government Savings Bond offer, with annual interest rates of up to 15.716 per cent, the highest offered under the programme this year.
The subscription window opened on July 6 and will close on July 10, while settlement is scheduled for July 15, giving retail investors another opportunity to invest in government-backed securities.
According to the DMO, the bond issuance is part of the Federal Government’s efforts to provide safe investment opportunities, encourage savings and promote financial inclusion.
The July offer features two investment options. The two-year FGN Savings Bond, maturing on July 15, 2028, offers an annual return of 14.716 per cent, while the three-year bond, due on July 15, 2029, carries a higher interest rate of 15.716 per cent per annum.
The latest rates represent an increase of more than 94 basis points compared to the June 2026 Savings Bond offer, marking one of the biggest month-on-month increases recorded under the programme this year.
Each bond is priced at ₦1,000 per unit, with a minimum subscription of ₦5,000 and a maximum investment of ₦50 million.
Interest will be paid quarterly on October 15, January 15, April 15 and July 15, while the principal will be repaid in full upon maturity.
The DMO noted that the bonds are listed on the Nigerian Exchange Limited (NGX), allowing investors to trade them on the secondary market. They also qualify as liquid assets for banks’ liquidity ratio calculations and are recognised as eligible securities for trustees investing under the Trustee Investment Act.
The Federal Government said the Savings Bond programme remains a secure, low-risk investment option designed to make government securities accessible to retail investors while encouraging a culture of long-term savings.