DMO Launches August Bonds with Up to 15% Returns

The Debt Management Office (DMO) has initiated subscriptions for its August 2026 Federal Government Savings Bond programme, which includes two fixed-income instruments. The bonds offer annual returns of up to 14.963% and require a minimum investment of N5,000.

The programme features a two-year savings bond maturing on August 12, 2028, with an interest rate of 13.963% per annum, and a three-year bond due on August 12, 2029, with a coupon of 14.963% per annum. The subscription window opened on August 3 and will close on August 7, with the settlement date set for August 12.

Investors will earn interest from the settlement date, with each bond unit priced at N1,000 and additional investments allowed in multiples of N1,000, up to a maximum of N50 million. Interest payments will occur quarterly, and the bonds are listed on the Nigerian Exchange, allowing for secondary market trading.

The DMO assures that these instruments are backed by the Federal Government of Nigeria, making them a secure investment option.