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FGN Savings Bond offers 13.9% interest for March 2026 subscription

by Chinwe Godbless
March 2, 2026
in Business Scene
0
Nigeria’s $2.2bn Eurobond oversubscribed
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The Federal Government of Nigeria (FGN) has unveiled its March 2026 Savings Bond, offering interest rates of up to 13.906 per cent per annum to retail investors.

In a circular published on its website on Monday, the Debt Management Office (DMO) stated that the subscription window opens on March 2, 2026, and closes on March 6, 2026, with settlement scheduled for March 11, 2026.

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Details show that the March 2026 Savings Bond is offered in two tenors with different yield structures and rates lower than those offered in the February 2026 issuance.

The two-year FGN Savings Bond due March 11, 2028 offers an interest rate of 12.906 per cent per annum while the three-year FGN Savings Bond due March 11, 2029 carries a yield of 13.906 per cent per annum.

The lower rates for March indicate a moderation in yields compared to the previous month’s issuance.

 

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