DMO raises N5.06 billion from November savings bonds, down 17.4%
AI Executive Briefing
Gemini Flash AI~45s readThe Debt Management Office (DMO) recorded a 17.4% decline in FGN Savings Bond allotments for November 2026, raising N5.06 billion compared to N6.12 billion in October. Despite the drop in total capital raised and subscription numbers, the DMO increased the annual interest rates for both the two-year and three-year bond tenors.
Context & Background
- ✦The FGN Savings Bond is a retail government security instrument managed by the DMO as part of the federal government's domestic borrowing strategy.
- ✦The program is designed to encourage retail investment in government debt, with interest payments distributed to investors on a quarterly basis.
Key Figures & Named Entities
Debt Management Office (DMO):The agency responsible for managing federal government debt and issuing the savings bond circulars.N5.06 billion:Total amount raised in November 2026; N47.25 billion: Total amount raised between January and September 2026.
Outlook & Next Steps
Interest payments for the November bonds are scheduled to be paid quarterly on February 11, May 11, August 11, and November 11 of each year until maturity.
Key Takeaways
AI Summary- The Debt Management Office (DMO) raised N5.06 billion in November 2026 through FGN Savings Bonds, marking a 17.4% decrease from October's N6.12 billion.
- Despite lower total allotments, the DMO increased interest rates for both tenors: the two-year bond rose to 13.25% and the three-year bond to 14.25%.
- Investor participation declined in November, with total subscriptions dropping across both the two-year and three-year bond instruments compared to October figures.
Key Facts:November 2-6, 2026: The FGN Savings Bond offer for November was open for subscription from November 2 to November 6.November 11, 2026: The November bond offer officially settled on November 11.January to September 2026: The DMO allotted a total of N47.25 billion in FGN Savings Bonds during the first nine months of 2026.
Editorial Excerpt
The Debt Management Office (DMO) raised N5.06 billion through its November 2026 Federal Government of Nigeria (FGN) Savings Bond offer, representing a 17.4% decline from the N6.12 billion allotted in October.
Frequently Asked Questions About This Story
What were the interest rates for the November 2026 FGN Savings Bond?
The two-year bond offered an annual interest rate of 13.25%, while the three-year bond offered 14.25%.
How did the November 2026 allotment compare to the previous month?
The November allotment of N5.06 billion was N1.06 billion lower than the N6.12 billion allotted in October, representing a 17.4% decline.
