From Adanna Nnamani, Abuja
The Federal Government, through the Debt Management Office (DMO), has raised N3.3 billion from the allotment of the August 2025 Federal Government of Nigeria (FGN) Savings Bonds.
According to figures published on the DMO’s website on Tuesday, the debt instruments were offered between Monday, August 4, and Friday, August 8, 2025, attracting a total of 2,166 successful subscriptions.
Breakdown of the allotment showed that the 2-year bond, due in August 2027, fetched N573.31 million with 892 investors, while the 3-year bond, maturing in August 2028, raked in N2.74 billion from 1,274 investors.
The DMO disclosed that the 2-year bond was allotted at a coupon rate of 14.401 per cent, while the 3-year bond cleared at 15.401 per cent. Both instruments carry quarterly coupon payments scheduled for February 13, May 13, August 13, and November 13, beginning November 2025. Settlement for the August issuance was fixed for Wednesday, August 13, 2025.
The N3.3 billion realised from the August auction was lower than the N4.27 billion raised in July. For the July 2025 savings bond offer, the 2-year tranche (maturing July 16, 2027) was allotted at a coupon rate of 15.762 per cent, raising N853.82 million from 1,078 investors, while the 3-year bond (maturing July 16, 2028) cleared at 16.762 per cent, attracting N3.4 billion from 1,591 investors.
The FGN Savings Bond programme, introduced in 2017, was designed to deepen the domestic bond market, promote financial inclusion, and provide retail investors with access to safe, low-risk government securities. The bonds, sold at N1,000 per unit with a minimum subscription of N5,000 and subsequent multiples of N1,000 up to N50 million, are recognised under the Trustee Investment Act, Company Income Tax Act (CITA), and Personal Income Tax Act (PITA). This recognition qualifies them for tax exemptions by pension funds and other institutional investors.
They are also listed on the Nigerian Exchange Limited (NGX), offering investors secondary market liquidity and counting as liquid assets for computing banks’ liquidity ratios. Since its inception, the savings bond programme has continued to attract Nigerians seeking secure and predictable investment opportunities.
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