The Debt Management Office (DMO) has opened its November 2026 Federal Government of Nigeria (FGN) Savings Bond supply, with the three-year instrument providing an rate of interest of 14.25% each year.
This was contained within the DMO’s supply round for November issued on Monday.
The rate is higher than the 14.071% offered on the same tenor in October, reflecting a rise within the yields obtainable to retail traders.
The November supply contains two-year and three-year bonds, with subscriptions closing on November 6, 2026.
DMO raises November bond rates
For November, the DMO is providing a two-year FGN Savings Bond due on November 11, 2028, at 13.25% each year and a three-year bond due on November 11, 2029, at 14.25% each year.
- The supply opened on November 2, 2026, and can shut on November 6.
- Settlement is scheduled for November 11, 2026.
- Interest will probably be paid quarterly on February 11, May 11, August 11 and November 11.
- Both rates are 0.179 share factors increased than the corresponding rates supplied in October.
The bonds are backed by the complete religion and credit score of the Federal Government of Nigeria, with the three-year instrument providing a better annual return than the two-year bond.
Retail traders can subscribe from N5,000
The FGN Savings Bond is structured as a retail funding product, with every unit priced at N1,000. Investors can subscribe from N5,000 and enhance their holdings in multiples of N1,000, topic to a most subscription of N50 million.
- The principal will probably be repaid in full at maturity.
- The bonds qualify as eligible investments for trustees beneath the Trustee Investment Act and as authorities securities beneath related tax legal guidelines.
- The securities might be recognised as liquid property for banks’ liquidity ratio calculations.
- The bonds are listed on the Nigerian Exchange Limited, whereas subscriptions are made by way of stockbroking corporations appointed by the DMO as distribution brokers.
The construction permits particular person traders to entry government-backed fixed-income securities with quarterly curiosity funds.
Savings bond allotments rise in 2026
The November supply comes amid a rise in FGN Savings Bond allotments through the first 9 months of 2026.
Offer ranges widen considerably at this public sale, with N600 billion to N800 billion obtainable on each devices.
The November problem offers traders one other alternative to earn fastened quarterly returns by way of a Federal Government-backed safety, with the three-year bond providing the upper charge of the 2 obtainable choices.
