The Federal Government of Nigeria has raised ₦4.678 billion through its June 2026 Savings Bond issuance, reflecting increased participation from retail investors in government-backed securities.
According to allotment results released by the Debt Management Office (DMO) on Wednesday, the amount raised in June exceeded the ₦4.074 billion recorded in May 2026, indicating sustained demand for the monthly investment instrument.
The subscription window for the June offer ran from June 1 to June 5 and featured two instruments: a two-year bond with a coupon rate of 13.777 percent and a three-year bond offering 14.777 percent.
The DMO noted that investor interest remained strong despite prevailing economic uncertainties, with many participants viewing the savings bond as a safe and stable investment option.
The 13.777 percent FGN Savings Bond due June 2028 attracted total allotments of ₦876.188 million from 1,254 successful subscriptions.
Meanwhile, the 14.777 percent FGN Savings Bond due June 2029 recorded significantly higher demand, drawing ₦3.802 billion from 2,282 subscriptions—accounting for more than 81 percent of the total allotment.
Combined subscriptions brought the total raised to ₦4.678 billion, representing an increase of about ₦604 million or nearly 15 percent compared to May’s issuance.
Both instruments will pay interest quarterly on September 10, December 10, March 10, and June 10 throughout their respective tenors.
Market analysts attribute the stronger demand for the three-year bond to its higher yield and investors’ willingness to lock in longer-term returns in a volatile economic environment.
The FGN Savings Bond programme was introduced to deepen Nigeria’s domestic debt market and encourage a savings culture by providing retail investors access to low-risk government securities with minimal entry requirements.
The bonds are backed by the full faith and credit of the Federal Government, making them one of the safest investment options available to individual investors.
The steady increase in subscriptions highlights growing awareness of fixed-income instruments among Nigerians, as more investors seek stable returns amid inflationary pressures and market uncertainty.
The Debt Management Office is expected to announce the next cycle of the savings bond programme in line with its monthly issuance calendar.
