The Federal Authorities, by the Debt Administration Workplace (DMO), has introduced the allotment of the September 2025 FGN Financial savings Bonds, totaling N3.05 billion throughout the two-year and three-year tenors.
In keeping with information revealed on the DMO’s official web site over the weekend, the bonds opened on Monday, September 1, 2025, and closed on Friday, September 5, 2025.
The settlement was scheduled for September 10, 2025.
DMO said that coupon (curiosity) funds will probably be made quarterly—March 10, June 10, September 10, and December 10 every year —on to traders.
In keeping with the DMO, the two-year FGN Financial savings Bond due September 2027 was allotted at an rate of interest of 15.541% each year, elevating N631.762 million from 793 profitable subscriptions.
In the meantime, the three-year FGN Financial savings Bond due September 2028 attracted better demand, recording an allotment of N2.416 billion at an rate of interest of 16.541% each year from 1,246 profitable traders.
Decrease subscriptions in comparison with August 2025 public sale
The September 2025 allotment is decrease than the N3.3 billion recorded in August, in accordance with the DMO.
In keeping with the DMO, the federal government raised N573.31 million from the 2-year bond, which matures in August 2027, and N2.74 billion from the 3-year bond due in August 2028.
The subscription attracted a mixed 2,166 profitable traders, with 892 choosing the 2-year instrument and 1,274 for the 3-year choice.
The two-year bond was allotted at a coupon charge of 14.401%, whereas the 3-year bond was priced at 15.401%.
What you must know
The bonds had been issued at N1,000 per unit, with a minimal subscription requirement of N5,000 and in multiples of N1,000 thereafter, as much as a most subscription of N50 million.
The FGN Financial savings Bond programme, launched in 2017, was designed to deepen the home bond market, promote monetary inclusion, and supply retail traders entry to safe and low-risk authorities securities.
- The FGN Financial savings Bond qualifies as an accredited funding beneath the Trustee Funding Act and can also be recognised as a authorities safety beneath each the Firm Revenue Tax Act (CITA) and the Private Revenue Tax Act (PITA). This makes it eligible for tax exemption by pension funds and different certified institutional traders.
- Moreover, the bonds are listed on the Nigerian Trade Restricted (NGX), offering traders with the choice to commerce them on the secondary market and enhancing total liquidity. Additionally they qualify as liquid property for the aim of computing banks’ liquidity ratios.
Over time, FGN Financial savings Bonds have grow to be more and more standard amongst Nigerians on the lookout for protected and predictable funding choices.
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