The Debt Management Office, on behalf of the Federal Government of Nigeria, has opened subscriptions for the February 2026 FGN Savings Bond, offering investors annual returns of up to 15.356 per cent.

According to a DMO circular, the bond’s tenors, interest rates, and subscription schedule have been outlined for prospective investors.

The savings bond is part of the government’s strategy to boost retail participation in the domestic debt market and provide individuals with a low-risk investment option.

The February 2026 offer features two maturity options and follows a similar issuance in January, highlighting the government’s ongoing use of savings bonds to raise domestic funds.

The February 2026 FGN Savings Bond comprises two tenors, offering competitive interest rates and clearly defined subscription terms for investors.

The February 2026 FGN Savings Bond offer includes:

2-year bond maturing on February 11, 2028, with an annual interest rate of 14.356%;

3-year bond maturing on February 11, 2029, offering 15.356% per annum.

Subscriptions opened on February 2, 2026, and will close on February 6, 2026, with settlement set for February 11, 2026.

Coupon payments will be made quarterly on May 11, August 11, November 11, and February 11 throughout the bond’s tenure.

The FGN Savings Bond offers several regulatory and investment benefits aimed at boosting investor confidence:

It qualifies as an approved security for trustees under the Trustee Investment Act.

Recognised as a government security under the Company Income Tax Act (CITA) and the Personal Income Tax Act (PITA), the bond is eligible for tax exemptions for pension funds and other qualified investors.

It will be listed on the Nigerian Stock Exchange, enhancing liquidity and enabling secondary market trading.

The bond also counts as a liquid asset for banks’ liquidity ratio requirements.