The Debt Management Office (DMO) has officially opened the subscription window for the June 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, offering attractive interest rates of up to 17.121% per annum, despite a slight reduction from last month’s figures.
According to an offer circular released on Monday, the DMO is inviting public subscriptions for two different tenors:
- 2-Year Savings Bond maturing on June 11, 2027, with an interest rate of 16.121% per annum
- 3-Year Savings Bond maturing on June 11, 2028, with a higher interest rate of 17.121% per annum
These new rates mark a modest decline from May 2025, when the DMO offered 16.173% for the two-year tenor and 17.173% for the three-year option.
Key Offer Details
- Opening Date: Monday, June 2, 2025
- Closing Date: Friday, June 6, 2025
- Settlement Date: June 11, 2025
- Interest Payment Frequency: Quarterly on March 11, June 11, September 11, and December 11
- Unit Price: ₦1,000 per bond
- Minimum Subscription: ₦5,000
- Maximum Subscription: ₦50 million (in multiples of ₦1,000)
The FGN Savings Bond programme, managed by the DMO, aims to encourage domestic investment by offering safe, fixed-income opportunities for retail investors, with guaranteed repayment and interest from the federal government.
In a message shared on its official X (formerly Twitter) handle, the DMO said:
“We welcome you to this month of June with the Two-Year FGN Savings Bond due June 11, 2027, at 16.121% p.a., and Three-Year FGN Savings Bond due June 11, 2028, at 17.121% p.a. Offer opens tomorrow and closes June 6, 2025.”
Public Participation Encouraged
The FGN Savings Bond is part of Nigeria’s broader strategy to deepen the domestic debt market and provide individual investors with access to government-backed securities previously available primarily to institutional players.
Interested investors are encouraged to contact stockbroking firms registered with the Nigerian Exchange (NGX) for participation, or visit the DMO website for more information.
