The Debt Management Office (DMO) has rolled out a fresh opportunity for Nigerian investors seeking secure and attractive returns. Subscriptions are now officially open for the January 2026 series of Federal Government of Nigeria (FGN) Savings Bonds, featuring annual interest rates as high as 15.396%.
Key Details of the January 2026 Bond Offer
This issuance presents two distinct tenors tailored for both retail and institutional investors. The bonds are backed by the full faith and credit of the Nigerian government, making them one of the safest fixed-income options available in the country today.
The specific instruments on offer are:
- A two-year bond maturing on January 21, 2028, which carries an annual coupon rate of 14.396%.
- A three-year bond maturing on January 21, 2029, offering a higher return of 15.396% per annum.
The subscription window for this offer is brief. It opened on January 12 and will close on January 16. Successful applications will be settled on January 21, which also marks the first coupon payment date.
Investment Terms and Benefits for Savers
Accessibility is a core feature of the FGN Savings Bond. Each unit is priced at an affordable ₦1,000. The minimum investment is ₦5,000, with subsequent purchases made in multiples of ₦1,000. While designed for the everyday saver, the offer accommodates larger investments with a ceiling of ₦50 million per individual.
Investors will enjoy quarterly interest payments scheduled for April 21, July 21, October 21, and January 21 each year until the bond matures. A significant advantage is that the interest income earned is tax-exempt for eligible investors, including pension funds and trustees.
Furthermore, these bonds are listed on the Nigerian Exchange Limited (NGX). This listing provides an exit option for investors who may need liquidity before maturity, as they can sell their holdings on the secondary market.
Context and Strategic Importance
This issuance is part of the Federal Government's ongoing strategy to deepen the domestic debt market and encourage a culture of long-term savings among Nigerians. It comes at a time of elevated interest rates and tight monetary policy, making such secure, high-yielding instruments particularly appealing.
The offered rates reflect sustained investor demand for instruments that can serve as a hedge against inflation. Throughout 2025, savings bond rates were consistently in the mid-to-high teens, with some approaching 18%. Notably, the January 2026 rates represent an increase from the December 2025 offer, where the two-year and three-year bonds were issued at 13.565% and 14.565% respectively.
For Nigerian savers looking for a government-guaranteed avenue to grow their wealth, the January 2026 FGN Savings Bonds present a compelling and timely opportunity.
