The Federal Government of Nigeria Savings Bond allotment fell by 8.5 per cent to N6.12bn in October 2026 from N6.69bn in September, according to data from the Debt Management Office.
The Debt Management Office’s October results showed that the three-year instrument accounted for the bulk of funds raised during the month.
The DMO allotted N6.12bn across its two- and three-year Federal Government of Nigeria Savings Bond instruments in October, down from N6.69bn in September.
The decline marked the sharpest monthly drop since March, when allotments fell by 34.8 per cent to N3.86bn.
The October decline came despite attractive returns, with the three-year savings bond offering an annual interest rate of 14.071 per cent, while the two-year instrument carried a rate of 13.071 per cent.
The Debt Management Office’s October results showed that the three-year instrument accounted for the bulk of funds raised during the month.
The DMO allotted N6.12bn across its two- and three-year Federal Government of Nigeria Savings Bond instruments in October, down from N6.69bn in September.
The two-year savings bond, which matures on October 14, 2028, attracted an allotment of N1.02bn at an annual coupon rate of 13.071 per cent. The three-year instrument, maturing on October 14, 2029, accounted for N5.11bn at a coupon rate of 14.071 per cent.
The two-year bond recorded 1,261 subscriptions, while the three-year instrument attracted 2,678, bringing total subscriptions across both instruments to 3,939 in October.
The combined allotment of N6.12bn represented an 8.5 per cent decline from the N6.69bn recorded in September.
The three-year bond accounted for approximately 83 per cent of the total amount allotted during the month, highlighting its dominance in the government’s retail debt offering.
The October offer opened on October 5 and closed on October 9, with settlement scheduled for October 14.
Interest payments on the bonds are scheduled quarterly, on January 14, April 14, July 14 and October 14 each year.
