The federal government through the Debt Management Office (DMO), has announced the listing of ₦260 billion bonds for subscription at its October auction.
According to a statement posted on DMO’s official X handle on Monday, October 27, the offer comprises a ₦130 billion 17.945% FGN August 2030 bond five year reopening and a ₦130 billion 17.95% FGN June 2032 bond seven year reopening.
The DMO noted that the auction will be settled on October 29, 2025, with units priced at ₦1,000 each, subject to a minimum subscription of ₦50,001,000 and in multiples of ₦1,000 thereafter.
Interest on the bonds will be paid semi annually, while principal repayment will be made in full upon maturity.
Launched in 2017, the federal government savings bond programme seeks to deepen Nigeria’s domestic debt market, promote financial inclusion, and provide retail investors with access to safe and low risk investment options.
The DMO also clarified that the bonds qualify as securities under the Trustee Investment Act, as well as government securities under the Company Income Tax Act (CITA) and Personal Income Tax Act (PITA), granting tax exemptions for pension funds and other eligible investors.
Furthermore, the instruments are listed on the Nigerian Exchange Limited (NGX) and the FMDQ OTC securities exchange, and are recognized as liquid assets for banks to meet regulatory liquidity ratios.
The DMO reaffirmed that the bonds are backed by the full faith and credit of the federal government and charged upon the nation’s general assets.
Interested investors are advised to contact any of the listed primary dealers or market makers, including Access Bank Plc, First Bank of Nigeria Ltd., Stanbic IBTC Bank Ltd., Citibank Nigeria Ltd., First City Monument Bank Plc, and Standard Chartered Bank Nigeria Ltd.
Recent data from DMO showed that the office raised about ₦3.03 trillion from FGN savings bonds between January and August 2025, reflecting sustained investor appetite for long-term instruments.
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