Low-income earners and other retail investors willing to lock in their funds in government securities have been given another opportunity to purchase the FGN savings bonds.
The Debt Management Office (DMO), which sells the debt instrument on behalf of the Nigerian government, is calling for subscription for the January exercise.
It is the first for 2026 and according to the agency’s programme, the retail bonds would be sold in the first week of each of the months of this year.
The organisation is offering the bonds in two tenors of two years and three years, with the former being sold at a coupon of 14.396 per cent per annum and the latter at 14.396 per cent annum.
Subscription for the exercise opened on Monday, January 12, 2026, and will close on Friday, January 16, 2026, a circular from the DMO confirmed.
Business Post reports that interest on the bonds would be paid to bondholders every quarter till maturity.
Investors can purchase the retail bonds at a unit price of N1,000 subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum of N50 million.
The bonds are backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria
They qualify as securities in which trustees can invest under the Trustee Investment Act. They also qualify as government securities within the meaning of Company Income Tax Act (CITA) and Personal Income Tax Act (PITA) for exemption for pension funds, amongst other investors.
The bonds further qualify as a liquid asset for liquidity ratio calculation for banks.
After they are sold to investors, they would be listed on the Nigerian Exchange (NGX) Limited to allow for trades for early exit if the holder intends to liquidate before maturity.