The Federal Government of Nigeria has increased interest rates on its November 2026 Savings Bonds, offering investors up to 14.25% per annum as the Debt Management Office (DMO) opens subscriptions for the new issuance.
The three-year savings bond, which matures on November 11, 2029, offers an annual interest rate of 14.25%, while the two-year instrument, due November 11, 2028, carries a rate of 13.25%.
Both rates represent an increase of 0.179 percentage points from the corresponding October offerings of 14.071% and 13.071%, respectively.
According to the DMO, subscriptions opened on Monday, November 2, and will close on Friday, November 6, 2026, with settlement scheduled for November 11.
The bonds are designed to encourage retail participation in the domestic debt market by allowing Nigerians to invest a minimum of N5,000.
Each bond unit costs N1,000, while additional investments must be made in multiples of N1,000, subject to a maximum subscription of N50 million.
Investors will receive interest payments quarterly on February 11, May 11, August 11 and November 11, with the principal repaid at maturity.
For instance, an investor who subscribes N1 million to the three-year bond will earn N142,500 annually, equivalent to N35,625 every quarter, before any applicable deductions.
The securities are backed by the full faith and credit of the Federal Government and will be listed on the Nigerian Exchange Limited (NGX).
Interested investors can subscribe through stockbroking firms appointed by the DMO as distribution agents.
The latest issuance comes amid increased participation in government-backed savings instruments.
Between January and September 2026, FGN Savings Bond allotments rose to N47.25 billion from N36.23 billion in the corresponding period of 2025, representing an increase of N11.02 billion or approximately 30.4%.
The increase in allotments suggests sustained investor interest in fixed-income securities despite fluctuations in interest rates.
For retail investors, the November offering provides an opportunity to secure fixed interest payments over two or three years. However, the attractiveness of the returns will depend partly on inflation, which determines the purchasing power of the income earned.
Investors seeking to participate can obtain further information through the Debt Management Office or its appointed stockbroking firms.