The Debt Management Office (DMO) has opened subscriptions for the December 2025 Federal Government Savings Bonds, giving investors another chance to buy into the monthly issuance programme.
The offer for this month includes a 2-Year FGN Savings Bond that matures on December 10, 2027, priced at 12.84% per annum, and a 3-Year Savings Bond maturing on December 10, 2028, with a coupon rate of 13.84%.
Subscription opened on December 1 and will close on December 5, while settlement is scheduled for December 10. Interest payments will be made quarterly, on March 10, June 10, September 10 and December 10 each year.
The bonds are sold at N1,000 per unit, with a minimum purchase of N5,000 and additional subscriptions in multiples of N1,000, up to a maximum of N50 million.
According to the DMO, the instruments qualify as approved securities under the Trustee Investment Act and are recognised as government securities under CITA and PITA, which allows pension funds and other qualifying investors to enjoy tax benefits.
They are also listed on the Nigerian Exchange and the FMDQ Securities Exchange, and count as liquid assets for banks when calculating liquidity ratios. As with all FGN securities, the bonds are backed by the full faith and credit of the Federal Government.
Investors can subscribe through commercial banks, including Access Bank, Zenith Bank, Fidelity Bank, UBA, GTBank, First Bank and others.
