At 16.541% rates, DMO opens September 2025 FGN savings bonds

The Debt Management Office (DMO) yesterday announced the launch of the September 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 16.541% per annum. The subscription window opened on Monday, September 1, 2025, and will close on Friday, September 5, 2025. The settlement is scheduled for September 10, […]

The Debt Management Office (DMO) yesterday announced the launch of the September 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 16.541% per annum.

The subscription window opened on Monday, September 1, 2025, and will close on Friday, September 5, 2025.

The settlement is scheduled for September 10, 2025. Coupon (interest) payments will be made quarterly—March 10, June 10, September 10, and December 10—directly to investors.

The DMO made the announcement in a notice published on its website.

The bond has two subscription categories; the first being a two-year bond, which will mature on September 10, 2027, and carries an annual interest rate of 15.541 per cent while the second is a three-year bond, set to mature on September 10, 2028, with a higher annual interest rate of 16.541 per cent.

The 2-year bond interest rate rose to 15.541% in September 2025, up from 14.401% in August. Similarly, the 3-year bond recorded an increase to 16.541% in September, compared to 15.401% in the previous month.

According to the DMO, the bond qualifies as securities in which trustees can invest under the Trustee Investment Act.

It also 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. It is also listed on the Nigerian Exchange Limited while it qualifies as a liquid asset for liquidity ratio calculation for banks.

The DMO circular indicated that each bond unit is priced at N1,000, with a minimum subscription of N5,000 and additional investments in multiples of N1,000, allowing investors to subscribe for up to N50 million.