The Debt Management Office (DMO) has announced that the interest rate for the April 2026 Federal Government Savings Bonds will be as high as 14.082% annually. This offering provides retail investors with a secure avenue for investment, especially as market conditions shift.
The DMO's circular details two distinct tenors for the bond offering. The bond maturing on April 15, 2028, which has a two-year term, will attract an annual interest rate of 13.082%. For investors seeking a higher return, the three- year bond, set to mature on April 15, 2029, will offer an annual interest rate of 14.082%.
The period for subscribing to these bonds commenced on April 7, 2026, and is scheduled to conclude on April 10, 2026. The settlement date for the bonds is set for April 15, 2026. Investors can expect to receive interest payments on a quarterly basis, specifically on July 15, October 15, January 15, and April 15 each year.
Each unit of the savings bond is valued at ₦1,000, with a minimum investment requirement of ₦5,000. Subscriptions can be made in multiples of ₦1,000, with a maximum investment ceiling set at ₦50 million per investor.
These savings bonds come with the assurance of the Federal Government's full faith and credit, ensuring a high level of security for all subscribers. Furthermore, the bonds are listed on the Nigerian Exchange Limited, which facilitates trading in the secondary market and enhances liquidity for investors.
Beyond their security and liquidity features, the bonds also present attractive regulatory and tax advantages, appealing to a broad spectrum of investors. This offering follows a similar bond sale in March, where the DMO provided savings bonds with annual interest rates reaching up to 13.906%.
Comments (0)
You must be logged in to comment.
Be the first to comment on this article!