The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has opened the FGN September Savings Bond for subscription.
According to a circular issued by the DMO, subscription to the bond opens on September 1, 2025, and closes on September 5, 2025, with a settlement date set for September 10, 2025.
The offer consists of two bonds: a 2-year FGN Savings Bond due in September 2027 at a coupon rate of 15.541% per annum, and a 3-year FGN Savings Bond due September 10, 2028, at a coupon rate of 16.541% per annum.
The bonds are available at ₦1,000 per unit, subject to a minimum subscription of ₦5,000 and in multiples of ₦1,000 thereafter, up to a maximum subscription of ₦50,000,000.
Interest is payable quarterly, with coupon payment dates scheduled for December 10, March 10, June 10, and September 10. Full principal repayment will be made on the maturity date.
Federal Government bonds are backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of the country, thereby providing security of funds to investors.
The DMO urged interested investors to contact the authorised stockbroking firms appointed as distribution agents.
The bond qualifies as a security in which trustees can invest under the Trustee Investment Act. It also qualifies as Government securities within the meaning of the Companies Income Tax Act and Personal Income Tax Act for tax exemption for Pension Funds and other investors.
In addition, it is listed on the Nigerian Exchange Limited and qualifies as a liquid asset for banks in meeting liquidity ratio requirements.
