FG Opens Subscription for December Savings Bonds — DMO Announces Rates. Investors are eager to learn more about the December 2025 FGN Savings Bonds as the new rates are unveiled.
The Federal Government has opened subscriptions for two tranches of its FGN Savings Bonds for December. This is according to a statement released on Wednesday by the Debt Management Office (DMO).
The offerings include:
- A two-year Savings Bond maturing on December 10, 2027, with an annual interest rate of 12.838%
- A three-year Savings Bond maturing on December 10, 2028, at 13.839% per annum
The subscription window opened on December 1, with settlement scheduled for December 10. Interest will be paid quarterly on March 10, June 10, September 10, and December 10. Meanwhile, the principal (bullet repayment) will be returned at maturity.
The bonds are available at ₦1,000 per unit, with a minimum subscription of ₦5,000. Additional purchases can be made in multiples of ₦1,000. The maximum allowable subscription is ₦50 million.
The DMO noted that, like all Federal Government securities, the instruments are backed by the full faith and credit of the Nigerian government. They also qualify as approved investments under the Trustee Investment Act. Furthermore, they are recognized as government securities under the Company Income Tax Act and Personal Income Tax Act, making them tax-exempt for pension funds and other eligible investors.
Additionally, the bonds are listed on the Nigerian Exchange (NGX) and are classified as liquid assets for banks when calculating their liquidity ratios.