December 01, (THEWILL) — The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has announced the opening of subscriptions for the latest tranche of the Federal Government of Nigeria (FGN) Savings Bond, offering retail investors an opportunity to earn stable and secure returns.
The subscription window runs from December 1 to December 5, 2025, as the government continues efforts to deepen public participation in the bond market.
According to the DMO’s offer circular, investors can subscribe to a 2-Year FGN Savings Bond due December 10, 2027, at an interest rate of 13.538% per annum, or a 3-Year FGN Savings Bond due December 10, 2028, at 14.538% per annum. Both options form part of the government’s regular bond issuance programme aimed at broadening the domestic investor base.
Settlement for all subscriptions is scheduled for December 10, 2025. Investors will receive quarterly interest payments on March 10, June 10, September 10, and December 10 each year, providing predictable and consistent income throughout the tenor of the bonds.
To make the offer accessible, the Savings Bond is priced at ₦1,000 per unit, with a minimum subscription of ₦5,000. Additional purchases can be made in multiples of ₦1,000, while the maximum subscription is capped at ₦50 million, allowing participation across different income levels.
The DMO emphasised that the FGN Savings Bond is among the safest investment instruments in Nigeria, being fully backed by the Federal Government and charged upon the nation’s general assets. The agency said this makes the bond ideal for risk-averse investors seeking secure, government-guaranteed returns.
In addition, the bond qualifies as a trustee investment and is recognised as a government security for tax exemptions under the Companies Income Tax Act and the Personal Income Tax Act, enabling certain investors, including pension funds, to benefit from favourable tax treatment.
To enhance transparency and liquidity, the DMO confirmed that the bonds will be listed on the Nigerian Exchange Limited (NGX), allowing investors to trade their units if they wish to exit before maturity.
The DMO has urged interested investors to approach accredited stockbroking firms appointed as distribution agents. A full list of agents is available on the agency’s official website.
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