FGN allots N6.69 bn for September savings bond

By Elizabeth Adegbesan
The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), said it allotted a total of N6.69 billion to domestic investors for the September 2026 FGN Savings Bond, FGNSB .
DMO disclosed this yesterday in the FGNSB results for the review period.
The total allotment was across two tranches; 2-year savings bond with a 14.12 percent interest rate per annum and a 3-year savings bond with a 15.12 percent interest rate per annum.
A sum of N1.282 billion was alloted for the 2-year bond which attracted 1,690 bids.
The FGN alloted N5.407 billion for the 3-year savings bond with 3,209 bids making the total bids 4,899.
The 2-year and 3-year s...