FG raises ₦3.96 Billion from October 2025 Savings Bonds

The Federal Government has raised ₦3.96 billion through the October 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, marking an increase from the ₦3.05 billion recorded in September.

The FGN Savings Bond programme, launched in 2017, aims to deepen Nigeria’s domestic bond market, enhance financial inclusion, and provide retail investors with access to safe, low-risk investment options backed by the government.

According to the Debt Management Office (DMO), the October allotment featured two tranches — a two-year bond due October 15, 2027, and a three-year bond due October 15, 2028.

The two-year bond raised ₦631.762 million from 793 successful subscriptions at an interest rate of 15.541% per annum, while another tranche of the same tenor attracted ₦779.047 million at 14.062% per annum from 1,052 investors.

The three-year bond generated the highest interest, raising ₦3.185 billion with 1,435 successful subscriptions at a coupon rate of 15.062% per annum.

Each bond unit was priced at ₦1,000, with a minimum subscription of ₦5,000 and increments in multiples of ₦1,000, up to a maximum of ₦50 million.

The offer period for the bonds ran from October 6 to 10, 2025, with settlement on October 15, 2025. Coupon payments will be made quarterly — on January 15, April 15, July 15, and October 15 — until maturity.

The DMO also noted that a separate three-year FGN Savings Bond due September 2028 attracted ₦2.416 billion at 16.541% interest from 1,246 successful investors, reflecting sustained investor confidence in government securities.