The Debt Management Office (DMO) has opened May 2026 FGN Savings Bond subscription, offering Nigerians investment opportunities with returns of up to 14.525% per annum.
The DMO announced the offer on Monday on behalf of the Federal Government of Nigeria under existing debt laws.
The subscription window runs from May 4 to May 8, 2026, with settlement scheduled for May 13, providing retail investors access to low-risk, government-backed securities.
What the DMO is saying
The Debt Management Office stated that the bond issuance is part of efforts to provide secure investment options while promoting financial inclusion and savings among Nigerians. The agency also emphasized the safety of the instrument.
The May 2026 offer includes two bond instruments designed to cater to varying investor preferences and timelines. These instruments also come with flexible entry requirements and structured returns.
- A two-year FGN Savings Bond due May 13, 2028, offers 13.525 percent annual interest
- A three-year bond due May 13, 2029, offers a higher return of 14.525 percent annually
- Bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million
- Interest payments are made quarterly, while the principal is repaid in full at maturity
Higher interests than AprilÂ
Nairametrics reported earlier that DMO announced the April 2026 issuance of the Federal Government Savings Bonds with interest rates of up to 14.082% per annum.
- The two-year bond due April 15, 2028 offers an interest rate of 13.082% per annum.
- The three-year bond due April 15, 2029 offers a higher rate of 14.082% per annum.
- The subscription window opened on April 7, 2026, and will close on April 10, 2026, with settlement scheduled for April 15, 2026.
- Interest payments will be made quarterly on July 15, October 15, January 15, and April 15.
More insightsÂ
The programme is also structured to deepen the domestic debt market, while encouraging retail participation through accessible pricing and predictable returns.
In addition, the bonds are listed on the Nigerian Exchange Limited, allowing investors to trade them on the secondary market, while also qualifying as liquid assets for banks and eligible securities for trustees.
What you should knowÂ
The FGN Savings Bond comes with several regulatory, tax, and investment benefits, making it attractive to both individual and institutional investors in the current economic environment.
- The subscription window closes on May 8, 2026, with settlement on May 13, 2026
- The bonds qualify for tax exemptions under relevant provisions of the Company Income Tax Act and Personal Income Tax Act
- Pension funds and institutional investors can invest due to regulatory recognition
- Rising interest rates and moderating inflation are driving demand for fixed-income instruments
With yields above 13 percent and 14 percent, the offer is expected to attract retail investors, cooperatives, and high-net-worth individuals seeking stable and secure returns.
