The Debt Management Office (DMO), has announced new savings bond offers for September 2025, with yields of up to 16.541% per annum.
According to a circular published on Monday, the subscription window is now open and will close on Friday, September 5, 2025, with settlement scheduled for September 10, 2025. Coupon payments will be made quarterly—on March 10, June 10, September 10, and December 10—directly to investors.
The DMO is offering two categories of Federal Government Savings Bonds. The first is a two-year bond maturing on September 10, 2027, with an annual interest rate of 15.541%, up from 14.401% in August. The second is a three-year bond maturing on September 10, 2028, carrying an annual interest rate of 16.541%, higher than 15.401% recorded in the previous month.
Launched in 2017, the FGN Savings Bond programme is designed to deepen the domestic bond market, promote financial inclusion, and provide retail investors with access to safe, low-risk government securities. Each unit is priced at ₦1,000, with a minimum subscription of ₦5,000 and subsequent investments in multiples of ₦1,000. Individuals can subscribe up to ₦50 million.
The DMO noted that the bond “qualifies as securities in which trustees can invest under the Trustee Investment Act; Qualifies as Government securities within the meaning of Company Income Tax Act (“CITA”) and Personal Income Tax Act (“PITA”) for Tax Exemption for Pension Funds, amongst other investors.
‘Listed on The Nigerian Exchange Limited (and); qualifies as a liquid asset for liquidity ratio calculation for banks.’”
It further emphasized that the bond is “backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria.”