FGN Savings Bond Sees N5.9bn in February 2026 Subscriptions

The Federal Government of Nigeria announced that the February 2026 Savings Bond offer recorded total subscriptions exceeding N5.9 billion across two three-year tenor instruments. The Debt Management Office (DMO) released the figures, indicating sustained retail investor interest in government-backed securities despite market volatility.

The subscription window opened on February 2 and closed on February 6, 2026, with settlement completed on February 11, 2026. The total raised from retail investors during this window amounted to N5.913 billion, with the three-year tenor bond showing stronger demand compared to the two-year instrument.

The three-year bond carried a coupon rate of 15.356%, while the two-year bond had a coupon rate of 14.356%. The FGN Savings Bond program aims to deepen the domestic bond market and encourage broader retail participation, providing a steady income stream through quarterly coupon payments.

This program is part of the federal government's broader domestic borrowing plan to finance budget deficits and support fiscal operations.