The Federal Government of Nigeria raised ₦3.96 billion from its October 2025 Federal Government Savings Bonds.
Launched in 2017, the FGN Savings Bond programme aims to deepen the domestic bond market, promote financial inclusion, and provide retail investors access to secure, low-risk government securities.
According to allotment results posted by the Debt Management Office (DMO), the October 2025 subscription exceeded the ₦3.05 billion recorded in September. The government offered two tranches: a two-year FGN Savings Bond maturing on 15 October 2027 and a three-year bond maturing on 15 October 2028.
The two-year bond due in October 2027 was allotted at an interest rate of 15.541% per annum, raising ₦631.762 million from 793 successful subscriptions. Another tranche of the two-year bond, at 14.062% per annum, raised ₦779.047 million from 1,052 investors. Bonds were issued at N1,000 per unit, with a minimum subscription of N5,000 and multiples of N1,000 up to a maximum of N50 million.
The three-year bond attracted stronger demand, raising ₦3,185.695 million from 1,435 subscriptions at a coupon rate of 15.062% per annum. Another three-year bond due in September 2028 recorded an allotment of ₦2.416 billion at 16.541% per annum from 1,246 investors.
The offer period ran from 6 to 10 October 2025, with settlement on 15 October 2025. Coupon payments are scheduled quarterly on 15 January, 15 April, 15 July, and 15 October until maturity.