DMO Launches May 2026 Savings Bond at 14.525% Interest
The Debt Management Office (DMO) has officially opened the May 2026 Federal Government Savings Bond (FGN Savings Bond) with an interest rate of 14.525% per annum. This offering, announced on a Monday, provides Nigerians with an opportunity to invest in low-risk, government-backed securities that offer attractive yields.
The subscription window is set from May 4 to May 8, 2026, with settlement scheduled for May 13, 2026. The initiative is part of the government's broader strategy to deepen the domestic debt market, expand financial inclusion, and encourage a culture of saving among retail investors.
The DMO introduced two bond instruments tailored for different investment horizons: a two-year bond maturing on May 13, 2028, with an annual interest rate of 13.525%, and a three-year bond due on May 13, 2029, offering a higher yield of 14.525%. The minimum subscription is set at N5,000, while the maximum investment cap is N50 million.
Interest payments will be made quarterly, providing a steady income stream.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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