The Debt Management Office (DMO) has begun another round of subscription for the Federal Government of Nigeria (FGN) Savings Bonds, offering attractive interest rates to retail investors for the month of June.
A new round of subscriptions for Federal Government of Nigeria (FGN) Savings Bonds has been opened by the Debt Management Office (DMO), providing retail investors with attractive interest rates for the month of June.
Join our WhatsApp ChannelThe offer includes a two-year savings bond with an annual interest rate of 16.121 percent due on June 11, 2027, and a three-year savings bond with an annual interest rate of 17.121 percent due on June 11, 2028, according to information made public by the DMO.
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The offer started on Monday, 2 June 2025, and will end on 6 June 2025. According to DMO, the bond is sold at N1,000 per unit, with a N5,000 minimum subscription and multiples of N1,000 thereafter. N50 million is the maximum subscription amount.
DMO says the interest payment will be quarterly until the maturity date, when the principal amount is repaid.
The FGN Savings Bond is a low-risk financial product that for retail investors and offers a safe investment supported by the Federal Government of Nigeria’s full faith and credit. In accordance with the terms of the Company Income Tax Act and the Personal Income Tax Act, it is also free from taxes on pension funds and is a security in which trustees may invest under the Trustee Investment Act.
The bond, which is listed on the Nigerian Exchange Limited, is considered a liquid asset for banks’ purposes when calculating liquidity ratios.
DMO advised interested investors to contact the stockbroking firms it appointed as distribution agents.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
