By Mike Abbah
The Debt Management Office (DMO) has launched the March 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 17.635% per annum.
The subscription window opened on Monday, March 4, 2025, and will close on Friday, March 7, 2025.
The DMO made this announcement via its official handle on X (formerly Twitter), stating, “We are opening this month with the following offers for subscription: 2-Year Bond due March 12, 2027, at 16.635% p.a., and a 3-Year FGN Bond due March 12, 2028, at 17.635% p.a. Offer is open and closes March 7, 2025. To invest, contact your stockbroker. Interest payment begins on June 12, 2025.”
Key details of the FGN Savings Bond
tenure and rates include 2-Year Bond - Maturing on March 12, 2027, with an annual interest rate of 16.635%.
Also included is the 3-Year Bond with maturity date of March 12, 2028, and an annual interest rate of 17.635%.
Unit of Sale are N1,000 per unit, subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter.
Maximum subscription limit is N50 million, while interest is payable quarterly, with the first payment scheduled for June 12, 2025.
FGN savings bonds are designed to encourage retail investors to participate in the bond market while providing a secure investment backed by the Federal Government of Nigeria.
Over the years, FGN savings bonds have gained popularity among Nigerians seeking risk-free investment options.
With inflation concerns and fluctuating interest rates in traditional savings instruments, industry experts say government bonds provide a stable and predictable return on investment.
