The Federal Government of Nigeria, through the Debt Management Office, has opened a new offer for subscription of its Savings Bonds, providing banks, institutional investors, and individuals an opportunity to earn attractive returns while boosting liquidity.

According to the document filed on its website on Monday, the two-year FGN Savings Bonds, due September 10, 2027, carry an interest rate of 15.541 per cent per annum, while the three-year bond, maturing on September 10, 2028, offers 16.541 per cent per annum. Interest payments will be made quarterly on March 10, June 10, September 10, and December 10 each year.

The bonds, which are sold in units of N1,000, have a minimum subscription of N5,000 and a maximum of N50,000,000 per investor. Redemption is structured as a bullet payment on the maturity date, providing investors with a lump sum at the end of the investment term.

According to the DMO, the bonds qualify as government securities for tax exemption purposes under the Company Income Tax Act and Personal Income Tax Act, making them suitable for pension funds and other institutional investors. They also qualify as liquid assets for banks in calculating liquidity ratios and are listed on the Nigerian Exchange Limited.

The FGN Savings Bonds are backed by the full faith and credit of the Federal Government and charged upon the general assets of Nigeria, offering a secure investment option for those looking to earn competitive returns while supporting national development.

Applications opened on September 1, 2025, and will close on September 5, 2025, with settlement scheduled for September 10, 2025.

The PUNCH reported that the Debt Management Office on Thursday announced an offering of N200bn savings bonds. According to the offer document on its website, one of the bonds was a reopening of the June 2032 bond with the coupon rate of 17.95 per cent.