Image default
BankingFinance

DMO raises November FGN savings bond rates to 13.25%, 14.25%

DMO raises November FGN savings bond rates to 13.25%, 14.25%

 

Abuja, Nov. 2026 – The Debt Management Office (DMO) has opened public subscription for FGN Savings Bond for the month of November 2026.

The subscriptions opened on Monday, Nov. 2, and will close on Friday, Nov. 6, 2026

The DMO announced this on Monday in its offer circular

The bond offering consists two-year and three-year bonds.

The two-year bond is due on Nov. 11, 2028, at 13.25% per annum, while the three-year bond is due on Nov.11, 2029, at 14.25% per annum.

Interest rates applicable is 13.25 per cent per annum on the two-year bond and 14.25 per cent on the three-year bond. The principal is repaid in full at maturity.

Both rates are 0.179 percentage points above the rates in October.

The subscriptions are offered at N1, 000 per unit, while the minimum is N5, 000 and in multiples of N1, 000 up to N50 million.

The bonds are backed by the full faith and credit of the federal government.

Related posts

EFCC nabs ex-Skybank chair Tunde Ayeni over alleged N36bn, $30m fraud

Editor

AfDB president calls for stronger regional financial cooperation in Africa

Editor

Stakeholders seek stronger credit adoption for economic growth

Editor

Leave a Comment