Government Bonds Offer Up to 16.541% in New September 2025 Window

The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has officially opened the subscription window for the September 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bond. The offer is available from September 1 to September 5, 2025, with settlement scheduled for September 10, 2025.

This month’s offer includes two tenors: a 2-Year FGN Savings Bond maturing on September 10, 2027, with an interest rate of 15.541% per annum, and a 3-Year FGN Savings Bond maturing on September 10, 2028, offering a higher rate of 16.541% per annum. Interest payments will be made quarterly on December 10, March 10, June 10, and September 10.

The bonds are available in units of ₦1,000, with a minimum subscription of ₦5,000 and a maximum of ₦50 million. Redemption will be made in full at maturity. These instruments qualify 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. They are also listed on the Nigerian Exchange Limited and qualify as liquid assets for banks’ liquidity ratio calculations.

The bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of the nation. Interested investors are advised to contact accredited stockbroking firms appointed as distribution agents. A full list of agents is available on the Debt Management Office official website.