FGN allots N6.69 bn for September savings bond

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By Elizabeth Adegbesan

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The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), said it allotted a total of N6.69 billion to domestic investors for the September 2026 FGN Savings Bond, FGNSB .

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DMO disclosed this yesterday in the FGNSB results for the review period.

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The total allotment was across two tranches; 2-year savings bond with a 14.12 percent interest rate per annum and a 3-year savings bond with a 15.12 percent interest rate per annum.

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A sum of N1.282 billion was alloted for the 2-year bond which attracted 1,690 bids.

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The FGN alloted N5.407 billion for the 3-year savings bond with 3,209 bids making the total bids 4,899.

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The 2-year and 3-year savings bond were offered on September 7-11, 2026 with their maturity date slated for September 16, 2028 and September 16, 2029, respectively.

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The settlement date for allotments was September 16, 2026.

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The result showed that coupon returns are to be distributed quarterly with payments scheduled for December 16, March 16, June 16, and September 16 each year until full maturity.

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