The Debt Management Office (DMO) has opened subscriptions for the May 2026 Federal Government Savings Bond, offering returns of up to 14.525 per cent per annum to investors.

Announced on behalf of the Federal Government of Nigeria, the offer provides retail investors with access to low-risk, government-backed securities. The subscription window runs from May 4 to May 8, with settlement scheduled for May 13.

The issuance includes two bond options structured to suit different investment durations. The two-year FGN Savings Bond due May 13, 2028 offers an annual interest rate of 13.525 per cent, while the three-year bond due May 13, 2029 carries a higher return of 14.525 per cent per annum.

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Each unit of the bond is priced at N1,000, with a minimum subscription threshold of N5,000 and a maximum investment limit of N50 million. Interest payments are made on a quarterly basis, while the principal is repaid in full at maturity.

The current offer reflects a slight increase in yields compared to the April 2026 issuance, where rates peaked at 14.082 per cent. In that round, the two-year bond offered 13.082 per cent, while the three-year instrument carried a 14.082 per cent return.

The DMO said the savings bond programme is part of efforts to provide secure investment opportunities while encouraging financial inclusion and a stronger savings culture among Nigerians. The agency also underscored the safety of the instrument, given its full backing by the federal government.

The bonds are listed on the Nigerian Exchange Limited, allowing investors to trade them on the secondary market. They also qualify as liquid assets for banks and are recognised as eligible securities for trustees.

Beyond offering stable returns, the programme is designed to deepen Nigeria’s domestic debt market by widening retail participation through accessible pricing and predictable income streams.