The Federal Government of Nigeria has successfully raised ₦3.96 billion from its October 2025 Savings Bond offer, indicating a notable increase from the ₦3.05 billion recorded in September. 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.
In the October offer, the government issued two tranches of savings bonds: a two-year bond due October 15, 2027, and a three-year bond due October 15, 2028. The two-year bond was allotted at an interest rate of 15.541% per annum, generating ₦631.762 million from 793 successful subscriptions. Additionally, another two-year bond with an interest rate of 14.062% per annum was allotted, raising ₦779.047 million from 1,052 subscriptions.
The bonds were issued at a unit price of N1,000, with a minimum subscription requirement of N5,000 and subsequent multiples of N1,000, up to a maximum of N50 million. The offer period for both instruments took place between October 6 and 10, 2025, with settlement occurring on October 15, 2025. Coupon payments are scheduled to be made quarterly on January 15, April 15, July 15, and October 15 each year until maturity.
The three-year bond attracted significant interest, raising ₦3,185.695 million with 1,435 successful subscriptions at a coupon rate of 15.062% per annum. Furthermore, 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 successful investors.
The Debt Management Office (DMO) released the official allotment results on its website, revealing the increased demand for the savings bonds. This development underscores the growing interest in the FGN Savings Bond programme as a viable investment option for retail investors seeking secure and low-risk government securities. The programme’s success is expected to contribute to the deepening of the domestic bond market and the promotion of financial inclusion in Nigeria.
