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DMO August Savings Bond Allotment Dips to N5.86 Billion

The Debt Management Office (DMO) raised N5.86 billion through the Federal Government of Nigeria Savings Bond (FGNSB) in August 2026, marking a slight decline from the N6.19 billion recorded in July. The issuance featured a two-year bond at a 13.963% interest rate and a three-year bond at 14.963%. While retail demand cooled month-on-month, the three-year instrument remained the preferred choice, accounting for N4.545 billion of the total allotment. Coupon payments for both bonds are scheduled quarterly.

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