The Federal Government is offering retail investors up to 14.25 per cent annually on its three-year savings bond, with subscriptions open until November 6 and a minimum investment of ₦5,000…….
The Debt Management Office (DMO) has announced higher interest rates on its November 2026 Federal Government of Nigeria (FGN) Savings Bonds, giving retail investors an opportunity to earn up to 14.25 per cent annually from government-backed securities.
In its November offer circular released on Monday, the debt management agency unveiled two investment options, comprising a two-year bond with an annual interest rate of 13.25 per cent and a three-year instrument offering 14.25 per cent.
The new rates represent an increase from the returns offered in October, when the corresponding two-year and three-year savings bonds attracted interest rates of 13.071 per cent and 14.071 per cent, respectively.
The latest adjustment means investors subscribing to the three-year instrument will earn a higher return than those opting for the shorter-term security.
According to the DMO, the November subscription window opened on November 2 and will close on November 6, 2026, while the settlement date for successful subscriptions is November 11.
The two-year FGN Savings Bond will mature on November 11, 2028, while investors subscribing to the three-year option will receive their principal on November 11, 2029.
Interest payments will be made quarterly throughout the investment period, with payment dates scheduled for February 11, May 11, August 11 and November 11 each year.
Both instruments are backed by the full faith and credit of the Federal Government of Nigeria, offering investors a government-guaranteed avenue to earn fixed returns over the selected investment period.
How Much Nigerians Can Invest In The November Savings Bond
The FGN Savings Bond is designed to make government securities accessible to individual investors, including those who may not have the financial capacity to participate in larger bond offerings.
Under the November issuance, each bond unit is priced at ₦1,000, with subscriptions starting from ₦5,000 and additional investments permitted in multiples of ₦1,000.
The maximum amount an individual investor can subscribe to is ₦50 million.
Investors who hold the bonds until maturity will receive their principal in full, alongside the quarterly interest payments earned throughout the investment period.
The securities also enjoy certain regulatory and tax-related benefits. They qualify as eligible investments for trustees under the Trustee Investment Act and are recognised as government securities under applicable tax laws.
In addition, the bonds can be treated as liquid assets when calculating banks’ liquidity ratios.
The DMO has listed the instruments on the Nigerian Exchange Limited (NGX), while interested investors can participate through stockbroking firms appointed as distribution agents for the offer.
FGN Savings Bond Investments Rise In 2026
The November issuance comes amid an increase in the amount of money allotted to FGN Savings Bonds during the first nine months of 2026, suggesting growing participation in the retail government securities market.
Data from previous DMO allotments show that the government raised ₦47.25 billion through the savings bond programme between January and September 2026.
This represents an increase of ₦11.02 billion compared with the ₦36.23 billion recorded during the corresponding period of 2025.
The growth indicates increased allotments despite fluctuations in the interest rates offered to investors throughout the year.
The latest savings bond offer also comes as the DMO continues to implement its broader domestic borrowing programme to finance government obligations and manage public debt.
In June 2026, the agency unveiled an approximately ₦4 trillion FGN Bond auction plan for the third quarter of the year.
For the November savings bond issuance, the DMO has made between ₦600 billion and ₦800 billion available for each of the two investment options.
With the subscription window closing on November 6, the latest offer provides Nigerians with another opportunity to invest in Federal Government-backed securities and earn predictable quarterly income.
Investors seeking higher annual returns can opt for the three-year bond at 14.25 per cent, while those preferring a shorter commitment can consider the two-year instrument offering 13.25 per cent per annum.
