The Debt Management Office (DMO) has opened subscription for two federal government of Nigeria (FGN) savings bonds at 15.541 per cent and 16.541 per cent respectively.
The bonds are offered at N1,000 per unit.
The first offer is a two-year savings bond due to mature on September 10, 2027, at 15.541 per cent per annum, while the second is a three-year savings bond due to mature on September 10, 2028, at an interest rate of 16.531 per cent per annum.
The FGN savings bond offer is tailored and targeted at retail investors with guaranteed quarterly interest payment and repayment of the principal at maturity.
In a statement on its official X handle on Monday, DMO said the offers which opened on Monday September 1, 2025 will close on September 5, 2025.
The DMO said the settlement date is September 10, 2025, while coupon payment dates are made quarterly – December 10, March 10, June 10 and September 10.
According to the DMO, “They are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.
“Interest is payable quarterly while bullet repayment is made on the maturity date.”
It said the savings bonds, like all other government securities, are backed by the full faith and credit of the federal government and charged upon the general assets of Nigeria, adding that they also qualify as securities in which trustees can invest under the Trustees Investment Act.
“They qualify as government securities within the meaning of the Company Income Tax Act and Personal Income Tax Act for tax exemption and pension funds, amongst other investors,” DMO said.
The agency further said the bonds are listed on the Nigerian Exchange Limited ( NGX) and qualify as a liquid asset for liquidity ratio calculation for banks.
In the last two months, the DMO has raised a total of N321.96 billion from Federal Government of Nigeria (FGN) bond auctions in 2025.
In July N185.9 billion was raised across two reopened bond offerings, while in August, N136.16 billion was raised from two bond instruments.
These auctions demonstrate strong investor confidence in Nigerian sovereign debt instruments, despite a tighter yield environment and ongoing market uncertainties.