The Debt Management Office (DMO) has announced the opening of subscriptions for the November 2025 Federal Government of Nigeria (FGN) Savings Bond, presenting another opportunity for retail investors to earn competitive returns while supporting national development.
According to details released by the DMO, two bond options are available for subscription this month. The 2-year FGN Savings Bond, maturing on November 12, 2027, carries an interest rate of 13.565% per annum, while the 3-year bond, maturing on November 12, 2028, offers a higher yield of 14.565% per annum.
Subscriptions opened on Monday, November 3, 2025, and will close on Friday, November 7, 2025, with the settlement date set for November 12, 2025. Interest payments will be made quarterly: every February 12, May 12, August 12 and November 12, until maturity.
Investors can purchase the bonds in denominations of ₦1,000 per unit, with a minimum subscription of ₦5,000 and subsequent multiples of ₦1,000 up to a maximum of ₦50 million per investor.
The DMO highlighted several benefits of the FGN Savings Bond, emphasizing its safety and liquidity. It is a qualifying trustee investment under the Trustee Investment Act and tax-exempt for pension funds and certain other investors under the Company Income Tax Act (CITA) and the Personal Income Tax Act (PITA).
Additionally, the bonds are listed on the Nigerian Exchange Limited (NGX), which allows investors to trade them in the secondary market, offering flexibility and access to liquidity. Banks can also count these bonds as liquid assets when computing liquidity ratios. Most importantly, the bonds are backed by the full faith and credit of the Federal Government of Nigeria, making them among the most secure investment instruments available to the public.
The FGN Savings Bond initiative, introduced in 2017, was designed to encourage financial inclusion, enable ordinary Nigerians to participate in government securities, and deepen the domestic debt market. By doing so, the DMO provides retail investors with a safe investment option that guarantees steady income while helping to fund essential government projects.
Analysts note that the high coupon rates being offered reflect current inflationary trends and the government’s strategy to attract more domestic investors. The yields also indicate the government’s intent to strengthen confidence in local capital markets and finance part of its budget from internal sources rather than relying heavily on foreign loans.
By promoting the FGN Savings Bond, the DMO is sending a strong message about Nigeria’s financial resilience. The initiative is part of broader efforts to mobilize domestic savings, reduce external debt exposure, and reinforce the country’s fiscal position amid global economic uncertainties.
The new FGN Savings Bond issuance supports Nigeria’s drive to reduce reliance on external borrowing while managing inflation and stabilizing the naira. Offering up to 14.565% yields helps absorb domestic liquidity and encourages savings among citizens; a critical move for stimulating local investment and sustaining economic growth in challenging times.
