The Debt Management Office (DMO) has commenced subscriptions for the June 2026 Federal Government of Nigeria (FGN) Savings Bond programme, offering investors annual returns of up to 14.777 per cent across two tenors designed to encourage retail participation in the domestic debt market.

The offer, which opened on June 1 and will close on June 5, provides Nigerians with an opportunity to invest in government-backed securities through a programme established to promote savings, deepen financial inclusion and broaden participation in the nation’s debt market.

The bond issuance was announced by the Debt Management Office on behalf of the Federal Government under the provisions of the DMO Establishment Act and the Local Loans Act governing the issuance of government securities.

Under the June offer, investors can subscribe to a two-year FGN Savings Bond maturing on June 10, 2028, with an interest rate of 13.777 per cent per annum. A second instrument, a three-year bond maturing on June 10, 2029, carries an annual interest rate of 14.777 per cent.

The latest rates represent an increase from those offered in May, when the two-year bond carried a yield of 13.525 per cent while the three-year instrument offered 14.525 per cent.

The Debt Management Office stated that the savings bond programme remains one of the government’s initiatives aimed at providing secure and accessible investment opportunities to Nigerians while encouraging a culture of long-term savings.

According to details of the offer, the bonds are available at a unit price of N1,000, with a minimum subscription requirement of N5,000 and additional investments accepted in multiples of N1,000 up to a maximum subscription of N50 million.

The structure allows retail investors, cooperatives, professional groups and high-net-worth individuals to participate in government securities without the larger capital commitments often associated with other fixed-income instruments.

Investors in the bonds will receive interest payments every quarter throughout the duration of the investment. Coupon payments are scheduled for September 10, December 10, March 10 and June 10 annually, while principal repayment will be made in full upon maturity of each bond.

The Debt Management Office reaffirmed that the instruments are fully backed by the Federal Government of Nigeria and secured against the country’s general assets, providing investors with sovereign credit support.

The agency also highlighted the liquidity features of the savings bonds, noting that they are listed on the Nigerian Exchange, allowing investors to trade their holdings on the secondary market before maturity if necessary.

The bonds further qualify as approved securities under relevant regulatory frameworks and are recognised for institutional investment purposes.

Pension funds, trustees and other regulated institutional investors are eligible to participate in the programme in line with existing investment guidelines.

In addition, the securities enjoy tax advantages under applicable provisions of the Companies Income Tax Act and the Personal Income Tax Act, making them attractive to a broad range of investors seeking stable fixed-income returns.

The June issuance comes as authorities continue efforts to strengthen domestic funding sources while expanding public participation in government securities.

The FGN Savings Bond programme was introduced to make government debt instruments more accessible to ordinary Nigerians and encourage long-term investment habits among retail investors.

Over the years, the programme has attracted participation from individual investors seeking relatively low-risk investment opportunities supported by the sovereign guarantee of the Federal Government.

Market activity in the fixed-income segment has remained strong, with investors continuing to seek opportunities that offer predictable returns amid prevailing interest rate conditions.

The increase in rates for the June issuance follows recent movements in fixed-income yields across various segments of the market.

Compared with the previous month’s offer, both the two-year and three-year bonds recorded increases of 25 basis points, reflecting adjustments in prevailing market conditions.

The upward revision means investors subscribing to the June programme will receive higher returns than participants in the May issuance.

The Debt Management Office noted that the programme continues to support the development of the domestic debt market by broadening the investor base and providing accessible investment products.

The subscription period will remain open until June 5, after which allotment and settlement processes will be concluded ahead of the settlement date scheduled for June 10.

Following settlement, successful subscribers will begin earning interest on their investments in accordance with the coupon schedule outlined by the Debt Management Office.

The programme remains one of the government’s key retail investment offerings and continues to provide Nigerians with access to sovereign-backed securities featuring competitive returns, regular income payments and flexible investment thresholds.

With annual yields of 13.777 per cent and 14.777 per cent respectively, the June 2026 FGN Savings Bond offer presents another opportunity for investors seeking stable returns through government-backed instruments while supporting the continued growth of Nigeria’s domestic debt market.