DMO Raises May FGN Bonds Yields To 14.25% Amid Push for Domestic Savings

The Debt Management Office (DMO) has opened subscription for the May 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering retail investors yields of up to 14.25 per cent per annum as authorities intensify efforts to deepen domestic borrowing and promote a savings culture.

The offer, announced on Monday on behalf of the Federal Government, will run from May 4 to May 8, 2026, with settlement on May 13.

Details show the DMO offering the two-year bond due May 13, 2028, at 13.25 per cent per annum, and the three-year bond due May 13, 2029, at 14.25 per cent.

The DMO stated the issuance, backed by the full faith of the federal government, aims to provide Nigerians with secure investment options, especially for small and medium-scale investors seeking stable returns amid economic uncertainties.

Bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million. Interest is paid quarterly, with principal repaid at maturity.

Compared to April 2026, rates have risen marginally; the two-year bond was 13.082 per cent and the three-year 14.082 per cent.