The Debt Management Office (DMO) has announced the opening of the October 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bond, offering Nigerian investors an opportunity to subscribe to secure, low-risk investment instruments with attractive returns.
According to the DMO, the offer runs from October 6 to October 10, 2025, with settlement scheduled for October 15, 2025. The issuance features two tenors: a 2-year bond at 14.062% per annum and a 3-year bond at 15.062% per annum.
The 2-year bond will mature on October 15, 2027, while the 3-year bond will mature on October 15, 2028. Both bonds come with quarterly interest payments, scheduled for January 15, April 15, July 15, and October 15 each year.
The minimum subscription is ₦5,000, in multiples of ₦1,000, up to a maximum of ₦50 million per investor. Each unit is priced at ₦1,000.
Notably, the October coupon rates reflect a decline compared to September’s offer, where the 2-year bond was priced at 15.541% and the 3-year at 16.541%. Market analysts suggest the reduction in rates may reflect adjustments in the government’s debt strategy and evolving monetary conditions.
FGN Savings Bonds are listed on the Nigerian Exchange (NGX), providing investors with the option of trading them in the secondary market. They are also recognized as government securities under the Trustee Investment Act, Company Income Tax Act (CITA), and Personal Income Tax Act (PITA), ensuring credibility and broad acceptance among retail and institutional investors.
The FGN Savings Bond programme, introduced in 2017, aims to deepen the domestic savings culture, provide citizens with a risk-free investment opportunity, and support the government’s drive to finance infrastructure and national development.
With its accessible entry point, guaranteed returns, and government backing, the October 2025 Savings Bond offer provides another opportunity for Nigerians to diversify their investment portfolios while contributing to the country’s economic growth.
