DMO Launches September Savings Bond with 15.12% Interest
The Debt Management Office (DMO), representing the Federal Government of Nigeria, has initiated its September 2026 Savings Bond offer, featuring annual interest rates of up to 15.12%. This offer includes a two-year bond maturing on September 16, 2028, with an interest rate of 14.12%, and a three-year bond maturing on September 16, 2029, offering 15.12% per annum.
Subscriptions for this bond opened on September 7, 2026, and will close on September 11, with settlement scheduled for September 16. Interest payments will be made quarterly on December 16, March 16, June 16, and September 16, while the principal will be repaid in full at maturity.
The offer targets retail investors looking for government-backed investment options. The DMO previously raised N5.86 billion through the FGNSB in August 2026, a decrease from N6.19 billion in July, indicating reduced investor demand.
The FGNSB qualifies as an investment instrument under the Trustee Investment Act and is recognized as a liquid asset for banks' liquidity ratio calculations.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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