Abuja, Nigeria — Nigeria’s Debt Management Office has allotted N3.64 billion (approximately $2.62 million) in Federal Government of Nigeria savings bonds following an offer period that ended on April 10, 2026.
The Debt Management Office released the final figures for the two instruments which consisted of a two-year bond maturing in April 2028 and a three-year instrument maturing in April 2029.
Okay News reports that the 14.082% FGN April 2029 savings bond saw an allotment of N2.77 billion (approximately $1.99 million) from 1,953 separate subscriptions. The 13.082% FGN April 2028 bond recorded a total allotment of N864.96 million (approximately $622,274) across 1,216 applications.
The three-year bond represented roughly 76% of the total value allotted for the month. Data provided by the Debt Management Office indicates that the two savings bonds attracted 3,169 subscriptions from the investing public.
Coupon payments for the two bonds will be made on a quarterly basis. The Debt Management Office confirmed the scheduled dates for these payments are July 15, October 15, January 15, and April 15 until the bonds reach their maturity dates.
The interest rates for the April 2026 issuance are lower than those recorded in February 2026 when yields for Federal Government of Nigeria savings bonds hit 15.356%. During the March 2026 offer, the government provided yields as high as 13.9%.
The savings bond initiative provides a window for retail investors to participate in the domestic debt market of the Federal Government of Nigeria. The latest results show a sustained interest in longer-tenor options among the retail investor segment.
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