The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for its June 2026 Savings Bond, offering retail investors annual returns of up to 14.777 percent despite a broader decline in fixed-income yields.
The offer, which runs from June 1 to June 5, includes a two-year bond with a coupon rate of 13.777 percent and a three-year bond at 14.777 percent. Settlement is scheduled for June 10, 2026. The savings bond programme allows individuals to invest with a minimum subscription of ₦5,000, making government securities accessible to a wider range of retail investors.
Coupon payments will be made quarterly on September 10, December 10, March 10, and June 10 throughout the tenor of the bonds. The DMO said the instrument is designed to encourage savings and broaden participation in the domestic debt market. However, market analysts note that while the latest rates represent a modest improvement from previous offerings, yields on federal government savings bonds have generally trended downward in line with broader movements in Nigeria’s fixed-income market. Analysts say investors seeking stable returns may still find the bonds attractive, particularly amid expectations of lower interest rates in the medium term.
