The Federal Government of Nigeria is offering investors a unique opportunity to earn up to 16.541% per annum through its September 2025 savings bonds. According to a circular published by the Debt Management Office (DMO) on Monday, the subscription window will close on September 5, 2025, with settlement scheduled for September 10, 2025.
The DMO is offering two subscription categories for the Federal Government of Nigeria (FGN) Savings Bond: a two-year bond maturing on September 10, 2027, with an annual interest rate of 15.541%, and a three-year bond maturing on September 10, 2028, with a higher annual interest rate of 16.541%. The interest rates for both bonds have increased from the previous month, with the 2-year bond rising to 15.541% from 14.401% and the 3-year bond rising to 16.541% from 15.401%.
Coupon payments will be made quarterly, directly to investors, on March 10, June 10, September 10, and December 10. The FGN Savings Bond programme, introduced in 2017, aims to deepen the domestic bond market, promote financial inclusion, and provide retail investors with access to secure and low-risk government securities.
Each bond unit is priced at ₦1,000, with a minimum subscription of ₦5,000 and additional investments in multiples of ₦1,000, allowing investors to subscribe for up to ₦50 million. The FGN Savings Bond is eligible for tax exemption by pension funds and other qualified institutional investors, as it qualifies as an approved investment under the Trustee Investment Act and is recognized as a government security under both the Company Income Tax Act (CITA) and the Personal Income Tax Act (PITA).
The FGN Savings Bond programme has been designed to provide a secure investment opportunity for retail investors, promoting financial inclusion and deepening the domestic bond market. With its competitive interest rates and quarterly coupon payments, the programme offers an attractive option for investors seeking low-risk investments. As the subscription window closes on September 5, 2025, interested investors are encouraged to take advantage of this opportunity to earn competitive returns on their investments.
