FG Opens September Savings Bonds at 16.54%

The Federal Government has opened subscription for its September 2025 Federal Government Savings Bonds with interest rates peaking at 16.541 percent per annum.

The Debt Management Office (DMO), in a statement released on Monday, said the 2-year bond, maturing on September 10, 2027, will be issued at 15.541 percent, while the 3-year bond, maturing on September 10, 2028, carries a coupon rate of 16.541 percent.

The subscription window runs from September 1 to September 5, while settlement is scheduled for September 10. Each bond unit is priced at ₦1,000, with a minimum subscription of ₦5,000 and additional investments in multiples of ₦1,000, up to a maximum of ₦50 million.

According to the DMO, interest on the bonds will be paid quarterly March 10, June 10, September 10, and December 10 while principal repayment will be made in full at maturity.

The savings bond scheme, introduced in 2017, is aimed at deepening the domestic debt market, promoting financial inclusion, and providing retail investors with access to secure investment opportunities. The bonds are backed by the full faith and credit of the Federal Government.

The instruments also qualify as government securities under the Trustee Investment Act and enjoy tax exemptions under the Companies Income Tax Act (CITA) and Personal Income Tax Act (PITA). They will be listed on the Nigerian Exchange (NGX) for secondary market trading and qualify as liquid assets for banks’ liquidity ratio requirements.

Market analysts say the higher rates offered reflect prevailing monetary conditions and are expected to attract strong participation from retail investors seeking protection against inflation and stable income streams.