FG Offers Up to 16.54% Yield on September Savings Bonds

The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for the September 2025 edition of the Federal Government of Nigeria Savings Bonds, offering investors annual yields of up to 16.54%.

According to a circular released on Monday, the offer runs until Friday, September 5, 2025, with settlement slated for September 10, 2025. Coupon payments will be made quarterly—on March 10, June 10, September 10, and December 10—directly into investors’ accounts.

Two bond categories are on offer:

• Two-year bond, maturing on September 10, 2027, with an interest rate of 15.54% per annum (up from 14.40% in August).

• Three-year bond, maturing on September 10, 2028, at 16.54% per annum (compared to 15.40% last month).

The DMO noted that the Savings Bond programme, introduced in 2017, is designed to broaden Nigeria’s domestic bond market, encourage financial inclusion, and give retail investors access to safe and low-risk government securities.

Each unit of the bond is priced at ₦1,000, with a minimum subscription of ₦5,000 and additional purchases in multiples of ₦1,000. Individual investors can subscribe up to ₦50 million.

The securities qualify as trustee investments under the Trustee Investment Act, are tax-exempt for pension funds under CITA and PITA, and are listed on the Nigerian Exchange Limited (NGX). The bonds also count as liquid assets for banks’ liquidity ratio calculations.

The DMO emphasized that the bonds are “backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of the nation.”