DMO raises N3.64bn in April savings bond sale

Nigeria’s Debt Management Office (DMO) has allotted N3.64 billion in the April 2026 federal government savings bond offer.

The final results showed stronger appetite for the three-year instrument, which accounted for the bulk of subscriptions and allotments.

The 14.082% FGN April 2029 Savings Bond attracted N2.77 billion from 1,953 subscriptions, while the 13.082% FGN April 2028 Bond recorded N864.96 million across 1,216 subscriptions.

Combined, both instruments received 3,169 subscriptions from investors.

The three-year bond represented about 76 per cent of the total amount raised, suggesting that many investors preferred to lock in higher yields for a longer period.

The DMO said coupon payments would be made quarterly on July 15, October 15, January 15 and April 15 until maturity.

Although the April yields were lower than the 15.356 per cent recorded in February, the offer reflects sustained confidence in government-backed investment products.

The FGN Savings Bond programme is designed to widen retail participation in Nigeria’s domestic debt market by offering secure, accessible investment options to individuals.