The Debt Management Office (DMO) has announced the allocation of ₦3.05 billion for the September 2025 FGN Savings Bonds, divided between two‑year and three‑year tenors. Each bond is issued at ₦1,000 per unit, with a minimum subscription of ₦5,000 and a maximum investment limit of ₦50 million. This initiative is part of the FGN Savings Bond programme, launched in 2017 to deepen the domestic bond market, promote financial inclusion, and give retail investors access to secure government securities. The subscription window ran from 1 September to 5 September 2025.
According to the DMO, the two‑year FGN Savings Bond, maturing in September 2027, was allotted at an interest rate of 15.541 % per annum, raising ₦631.762 million from 793 successful subscriptions. The three‑year bond, maturing in September 2028, attracted greater demand, with an allotment of ₦2.416 billion at an interest rate of 16.541 % per annum from 1,246 successful investors. Settlement was scheduled for 10 September 2025, and quarterly interest payments will be made directly to investors on 10 March, 10 June, 10 September, and 10 December each year.
The FGN Savings Bond is an approved investment under the Trustee Investment Act and qualifies as a government security under both the Company Income Tax Act and the Personal Income Tax Act, making it eligible for tax exemption by pension funds and other qualified institutional investors. Compared with the previous month, the September 2025 allotment of ₦3.05 billion is lower than the ₦3.3 billion recorded in August. The DMO noted that, in the prior month, a total of 2,166 successful investors participated in the subscription for both the two‑year and three‑year bonds, indicating growing interest in secure government securities among retail investors. The FGN Savings Bond programme continues to play a crucial role in promoting financial inclusion and deepening Nigeria’s domestic bond market.
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