The Federal Government, through the Debt Management Office (DMO), has allotted N3.3 billion in the August 2025 FGN Savings Bonds subscription.
According to figures published on the DMO’s website, the bonds were offered between August 4 and August 8, 2025, with both 2-year and 3-year options.
The government raised N573.31 million from the 2-year bond maturing in August 2027, while the 3-year bond due August 2028 attracted N2.74 billion.
The DMO disclosed that 2,166 investors subscribed successfully. Of these, 892 opted for the 2-year paper while 1,274 invested in the 3-year instrument.
Coupon rates were set at 14.401% for the 2-year bond and 15.401% for the 3-year bond, with quarterly payments beginning November 2025.
Settlement for the August allotment was concluded on August 13, 2025, with coupon dates fixed for February 13, May 13, August 13, and November 13 annually.
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The subscription level was lower compared to July 2025, when N4.27 billion was raised. That auction had higher coupon rates of 15.762% and 16.762%.
In July, the 2-year bond attracted N853.822 million with 1,078 subscriptions, while the 3-year bond secured N3.4 billion across 1,591 investors.
The DMO noted that each bond unit was issued at N1,000, with a minimum subscription of N5,000 and increments of N1,000 up to N50 million.
Launched in 2017, the FGN Savings Bond programme was created to deepen Nigeria’s domestic bond market and widen access to retail investors.
The bonds qualify as approved investments under the Trustee Investment Act and are tax-exempt under the Company Income Tax Act (CITA) and Personal Income Tax Act (PITA).
Additionally, they are listed on the Nigerian Exchange (NGX), providing liquidity for trading and counting as liquid assets for banks’ regulatory requirements.
The DMO emphasized that FGN Savings Bonds continue to provide Nigerians with predictable, low-risk investments backed by the Federal Government of Nigeria.
