DMO Opens May Savings Bond Window with 14.525% Yield

The Debt Management Office (DMO) has announced the opening of the subscription window for the May 2026 issuance of Federal Government of Nigeria (FGN) Savings Bonds, offering a yield of 14.525% per annum. This offer, announced on Monday, is part of the government's existing debt management strategy and is aimed primarily at retail investors, providing access to government-backed securities regarded as low-risk instruments.

The May issuance consists of two bond tenors: a two-year FGN Savings Bond due on May 13, 2028, with a yield of 13.525% per annum, and a three-year FGN Savings Bond due on May 13, 2029, with a yield of 14.525% per annum. The bond price is set at N1,000 per unit, with a minimum subscription of N5,000 and a maximum investment threshold of N50 million.

Interest payments will be made quarterly, and principal will be repaid in full at maturity. This issuance aligns with DMO's broader mandate to deepen the domestic debt market, promote financial inclusion, and encourage a savings culture among Nigerians.

Financial analyst Chinedu Okafor noted that the increase in yield reflects prevailing macroeconomic realities, including rising benchmark interest rates and moderate inflation trends.