The Debt Management Office (DMO) has opened a new offering for the Federal Government of Nigeria (FGN) Savings Bond, giving retail investors another opportunity to earn steady quarterly interest backed by the full faith and credit of the Federal Government.
According to the subscription circular released by the DMO, the offer opened on December 1, 2025, and will close on December 5, 2025. The two tranches on offer are:
- 2-Year FGN Savings Bond maturing December 10, 2027 at an annual interest rate of 13.538%, and
- 3-Year FGN Savings Bond maturing December 10, 2028 at 14.538% per annum.
Both bonds will be settled on December 10, 2025, with quarterly coupon payments scheduled for March 10, June 10, September 10, and December 10 throughout the tenor of the instruments.
The Savings Bond is available in units of ₦1,000 per unit, with a minimum subscription of ₦5,000 and additional purchases allowed in multiples of ₦1,000 up to a maximum of ₦50 million.
Interest will be paid quarterly, while principal will be repaid in full at maturity under a bullet repayment structure.
The offer is backed by the full faith and credit of the Federal Government of Nigeria and secured against the nation’s general assets—making it one of the safest fixed-income instruments available to retail investors.
The DMO noted that the FGN Savings Bond qualifies as a security in which trustees may invest under the Trustee Investment Act. It also qualifies as a government security for tax exemption on certain investor categories, such as pension funds, under relevant tax laws.
In addition, the bond is listed on the Nigerian Exchange Limited (NGX) and qualifies as a liquid asset for liquidity ratio calculations for banks.
The DMO advised interested investors to contact stockbroking firms appointed as distribution agents or visit the agency’s official website for further details.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
