The Federal Government of Nigeria has raised ₦3.96 billion from its October 2025 Savings Bond offer, a notable increase from the ₦3.05 billion recorded in September. The FGN Savings Bond programme, launched in 2017, seeks to deepen the domestic bond market, promote financial inclusion, and give retail investors access to secure, low‑risk government securities.
In the October offer the government issued two tranches of savings bonds: a two‑year bond due on 15 October 2027 and a three‑year bond due on 15 October 2028. The two‑year bond was allotted at an interest rate of 15.541 % per annum, generating ₦631.762 million from 793 successful subscriptions. A second two‑year bond, priced at 14.062 % per annum, raised ₦779.047 million from 1,052 subscriptions. Both bonds were issued at a unit price of N1,000, with a minimum subscription of N5,000 and subsequent multiples of N1,000, up to a maximum of N50 million. The offer period ran from 6 to 10 October 2025, with settlement on 15 October 2025. Coupon payments are scheduled quarterly on 15 January, 15 April, 15 July and 15 October each year until maturity.
The three‑year bond attracted strong interest, raising ₦3,185.695 million from 1,435 subscriptions at a coupon rate of 15.062 % per annum. Additionally, the three‑year FGN Savings Bond due September 2028 recorded an allotment of ₦2.416 billion at an interest rate of 16.541 % per annum from 1,246 investors. The Debt Management Office (DMO) posted the official allotment results on its website, highlighting the heightened demand for the savings bonds.
This development underscores the growing appeal of the FGN Savings Bond programme as a viable investment option for retail investors seeking secure, low‑risk government securities. Its success is expected to further deepen Nigeria’s domestic bond market and advance financial inclusion.
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