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DMO raises interest rate to 14% in April 2026 savings bonds

by Catherine Agbo
April 7, 2026
in Business Scene
0
DMO to auction N300 billion FGN bonds

Patience Oniha, Director-General of DMO

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The Debt Management Office (DMO) has announced the April 2026 issuance of the Federal Government Savings Bonds with interest rates of up to 14.082 per cent per annum.

This was disclosed in a circular published by the DMO on Tuesday.

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According to the statement, the offer features two bond tenors, with competitive yields aimed at attracting a broad range of investors seeking stable returns.

The DMO disclosed key details of the April 2026 bond offer, including rates, tenors, and subscription timelines.

The two-year bond due April 15, 2028 offers an interest rate of 13.082 per cent per annum, while the three-year bond due April 15, 2029 offers a higher rate of 14.082 per cent per annum.

The subscription window opened on April 7, 2026, and will close on April 10, 2026, with settlement scheduled for April 15, 2026.

Interest payments will be made quarterly on July 15, October 15, January 15, and April 15.

The bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and additional investments in multiples of N1,000, up to a maximum of N50 million.

The instrument is backed by the full faith and credit of the Federal Government, ensuring a high level of security and listed on the Nigerian Exchange Limited.

 

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