The Debt Management Office (DMO) has set the interest rate for the April 2026 Federal Government Savings Bonds at up to 14.082% per annum. The offer includes two tenors: a two-year bond maturing April 15, 2028, with a rate of 13.082% per annum, and a three-year bond maturing April 15, 2029, offering 14.082% per annum. Subscription opened on April 7, 2026, and closes April 10, 2026, with settlement on April 15, 2026. Interest will be paid quarterly on July 15, October 15, January 15, and April 15.
Each bond unit is priced at N1,000, with a minimum investment of N5,000 and additional purchases allowed in N1,000 multiples, capped at N50 million per investor. The bonds are backed by the full faith and credit of the Federal Government and listed on the Nigerian Exchange Limited to support liquidity. Retail investors benefit from regulatory and tax incentives, enhancing the instrument's appeal. In March, the DMO offered similar bonds with rates up to 13.906% per annum.
The DMO's decision to offer a 14.082% return on the three-year savings bond reflects confidence in Nigeria's high-yield debt market despite inflationary pressures. With the April 2026 bond rates surpassing last month's 13.906%, retail investors now have a slightly more attractive risk-adjusted option for parking funds. For Nigerian savers, this signals that government-backed instruments remain a viable hedge against currency erosion — if they can act within tight subscription windows.
