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FGN Launches Savings Bond with Up to 15.4% Returns

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FGN

The FGN Savings Bond 2026 offers retail investors 14.4–15.4% interest with low entry, backed by the sovereign guarantee of the Nigerian government

The Federal Government of Nigeria (FGN) has launched a new FGN Savings Bond offer aimed at retail investors, providing competitive interest rates and low entry requirements, according to a statement by the Debt Management Office (DMO)on Monday.

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The offer allows investors to subscribe to a two-year bond maturing on 21 January 2028 at an annual interest rate of 14.396 per cent, or a three-year bond maturing on 21 January 2029 with a higher return of 15.396 per cent per annum.

Interest payments will be made quarterly, with principal repayment due at maturity.

Subscription opened on Monday, 12 January 2026, and will close on Friday, 16 January 2026, with settlement scheduled for 21 January 2026.

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Bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and multiples of N1,000 thereafter, while the maximum subscription per investor is N50 million.

The DMO emphasised that the savings bonds are fully backed by the full faith and credit of the Federal Government, highlighting their low-risk nature.

They also qualify as government securities under Nigerian law, are eligible for pension and trustee investments, are tax-exempt, listed on the Nigerian Exchange Limited, and count as liquid assets for banks’ liquidity ratio requirements.

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Also read: Nigeria Borrows N6.17tr Locally in Six Months

The initiative is part of the Federal Government’s drive to encourage savings among Nigerians while offering a safe and profitable investment option in the retail market

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Rest of World to Shut Down as Search for New Home Continues

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Rest of World

Rest of World shutdown plans point to January 2027 as leaders seek a new institutional home for the nonprofit technology newsroom

Rest of World, the international nonprofit digital publication known for reporting on technology’s impact beyond Western markets, is preparing to end operations as an independent organisation in January 2027 while its leadership searches for a new institutional home.

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Deputy Editor Rina Chandran confirmed the development in a LinkedIn post on Monday, October 26, 2026, saying the newsroom would continue publishing until the end of January as efforts to secure a future for the publication continued.

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“Yes, it’s true: Rest of World is shutting down. After six years of award-winning reporting, our leadership is searching for a new home for the publication that was launched to cover innovation outside the West,” Chandran wrote.

She recalled joining the publication as its Southeast Asia editor in Bangkok before moving to San Francisco, where she became a deputy editor covering how technology developed in Silicon Valley affects people in other parts of the world.

Chandran described working with the publication’s reporters, editors, freelancers and columnists as a privilege, expressing appreciation for the people who contributed to its journalism.

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She also reassured contributors that work already commissioned would still be published and that existing journalism would be preserved and remain accessible.

“If you are a freelancer or columnist who has already been commissioned, you’re good! Your work will be preserved and continue to be accessible,” she wrote, thanking readers, donors and supporters.

The announcement follows a report by Semafor on Sunday that Rest of World founder and principal financial backer Sophie Schmidt had held discussions with several large institutions about potentially taking over the newsroom.

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According to Semafor, two people familiar with the plans said a late-January wind-down date had been set to give employees time to receive exit packages and seek new jobs if efforts to find a new institutional home failed.

Schmidt reportedly told donors that the publication would stop operating as a standalone entity at the end of January.

The proposed closure comes amid a reported decline in traffic from web searches and social media referrals over the preceding 18 months.

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The publication had attempted to retain readers by placing greater emphasis on Western audiences and requiring visitors to register before accessing articles.

Founded in 2020, Rest of World sought to broaden technology journalism beyond the traditional focus on Silicon Valley and other Western technology centres.

Its reporting examined how digital products, platforms and infrastructure shape everyday life, work and economies in emerging markets and other underreported regions.

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Schmidt pledged $60m to establish the project as a nonprofit newsroom.

Over the years, its coverage has explored technology-driven changes in labour markets, digital infrastructure, artificial intelligence and the influence of major technology companies.

The publication’s 2025 annual report said it reached more than 753,000 readers monthly across platforms and channels, with reporting spanning nearly 40 countries during the year.

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Those figures illustrate the scale of its international reporting, even as the organisation faces difficulties sustaining its current operating model.

The planned end of independent operations does not necessarily mean the publication’s journalism will disappear.

Its leadership is seeking an institution that could provide a future for the newsroom, while Chandran has said its existing work will remain accessible.

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Also read: Flamingos Target Quarter-Finals in Mexico Clash

Whether a suitable organisation will take over the publication, and what form Rest of World might take under new ownership or institutional support, remains unresolved.

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