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By Victor Osula, Abuja
The Debt Management Office (DMO) has unveiled its May 2026 Federal Government Savings Bond (FGN) offering, offering Nigerians investment options that offer returns of up to 14.525% per annum.
Announced on Monday on behalf of the federal government, the offering is part of ongoing efforts to strengthen the domestic debt market and encourage a savings culture among retail investors. The subscription window runs from May 4 to May 8, 2026, with settlement scheduled for May 13.
The DMO emphasized that bonds are safe, low-risk instruments guaranteed by the federal government, making them attractive to individuals seeking stable returns in changing economic conditions.
The May offering includes two bond options suitable for different investment horizons. A two-year bond maturing on May 13, 2028 offers an annual interest rate of 13.525%, while a three-year bond maturing on May 13, 2029 provides a higher yield of 14.525% per annum. Both instruments are priced at ₦1,000 per share, with a minimum subscription of ₦5,000 and a maximum of ₦50 million. Interest is paid quarterly, while the principal is repaid in full upon maturity.
Compared to the April 2026 issue, which offered up to 14.082%, May rates reflect a slight upward trend, reinforcing investors’ growing appetite for fixed income securities.
The bonds are listed on the Nigerian Stock Exchange, allowing secondary market trading and increasing liquidity. They also qualify as tax-exempt investments under relevant laws and are recognized as eligible securities for institutional investors, including pension funds.
With yields above 13% and 14%, analysts expect strong participation from retail investors, cooperatives and high net worth individuals seeking reliable and predictable income streams.
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