January 13, (THEWILL) — The Debt Management Office (DMO) has opened subscriptions for the January 2026 Federal Government of Nigeria (FGN) Savings Bond, in a move aimed at deepening retail participation in the domestic debt market and encouraging a stronger savings culture among Nigerians.
According to the DMO, the subscription window opened on January 12, 2026, and will close on January 16, 2026, with settlement scheduled for January 21, 2026.
The bond is being offered in two tranches: a two-year tenor maturing in January 2028 and a three-year tenor due in January 2029. The interest rates are fixed and payable quarterly, with coupon rates to be determined at the auction.
Targeted at retail investors, the FGN Savings Bond has a minimum subscription of ₦5,000, with additional investments in multiples of ₦1,000, up to a maximum of ₦50 million per investor.
The instrument is backed by the full faith and credit of the Federal Government and will be listed on the Nigerian Exchange Limited (NGX), allowing investors to trade the bonds on the secondary market.
The DMO said the programme supports its strategy to diversify funding sources, reduce dependence on external borrowing, and expand access to low-risk investment products.
Ogochukwu Onwaeze
