Federal Government of Nigeria has opened a new offer for subscription through the Debt Management Office, following the Debt Management Office Establishment Act 2003 and the Local Loans Registered Stock and Securities Act. In the notice released, DMO stated that it is acting “on behalf of the Federal Government of Nigeria” to receive applications for the Federal Government of Nigeria Savings Bond for December 2025.
The offer includes a 2-Year FGN Savings Bond due December 10, 2027 at an interest rate of 12.838 percent per annum, and a 3-Year FGN Savings Bond due December 10, 2028 at 13.838 percent per annum. According to the DMO, the subscription opens on December 1, 2025 and closes on December 5, 2025, while the settlement date is fixed for December 10, 2025. Coupon payments will be made quarterly on March 10, June 10, September 10 and December 10.
The issuer of the bond is the Federal Government of Nigeria. Units of sale are priced at ₦1,000 per unit, with a minimum subscription of ₦5,000 and further purchases in multiples of ₦1,000. The maximum subscription allowed is ₦50,000,000. Interest will be paid quarterly, and redemption will follow a bullet repayment on the stated maturity dates.
DMO explained that the bond “qualifies as securities in which trustees can invest under the Trustee Investment Act” and also qualifies as Government securities under CITA and PITA, making it eligible for tax exemption for pension funds and other investors. It is listed on The Nigerian Exchange Limited and also qualifies as a liquid asset for banks’ liquidity ratio calculations.
The Savings Bond is described as fully backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of the country. Interested investors are advised to contact stockbroking firms appointed as distribution agents, with the full list available at www.dmo.gov.ng.
