DMO Opens January 2026 FGN Savings Bond Subscription

The Debt Management Office (DMO) has commenced subscriptions for the Federal Government of Nigeria (FGN) Savings Bonds for January 2026, offering yields of up to 15.396 per cent per annum.

Details released by the agency show that the issuance is part of the government’s ongoing effort to deepen the domestic debt market while promoting savings through secure investment instruments.

The offer comprises two bond tenors: a two-year bond scheduled to mature in January 2028 and a three-year bond maturing in January 2029. The instruments are targeted primarily at retail investors, though institutional participation is also permitted.

Under the current offer, the two-year bond carries an annual interest rate of 14.396 per cent, while the three-year bond offers 15.396 per cent. Subscriptions opened on January 12, 2026, and will close on January 16, 2026, with settlement slated for January 21, 2026.

Interest payments will be made quarterly in April, July, October, and January of each year until maturity.

The FGN Savings Bonds are backed by the full faith and credit of the Federal Government, making them one of the lowest-risk investment options in the local fixed-income market.

Each bond unit is priced at N1,000, with a minimum investment of N5,000 and additional subscriptions allowed in multiples of N1,000, up to a maximum of N50 million per investor.

The bonds are listed on the Nigerian Exchange Limited, providing investors with the option of selling in the secondary market before maturity. Interest income on the bonds is tax-exempt for eligible investors, including pension funds and trustees.