DMO unveil FGN savings bonds with interest rates up to 16.541% per annum

The Debt Management Office (DMO) has unveiled the September 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, with interest rates reaching as high as 16.541% per annum for investors.

The subscription period for the bonds is from Monday, September 1, to Friday, September 5, 2025, with settlement scheduled for September 10, 2025.

Interest payments will be made to investors on a quarterly basis, specifically on March 10, June 10, September 10, and December 10 of each year.

The DMO announced the availability of two categories of  FGN savings bonds for investors in a circular published on its website.

The first is a two year bond, which will mature on September 10, 2027, and carries an annual interest rate of 15.541 per cent.

The second is a three-year bond, set to mature on September 10, 2028, with a higher annual interest rate of 16.541 per cent.

This offering gives Nigerians the opportunity to invest in government-backed bonds, contributing to personal and national financial stability.

The 2 year bond interest rate rose to 15.541% in September, up from 14.401% in August. Similarly, the 3-year bond recorded an increase to 16.541% in September, compared to 15.401% in the previous month.

It will be recalled that at the Central Bank of Nigeria’s (CBN) Monetary Policy Committee meeting, the apex bank decided to retain policy rates at 27.5%.

The CBN’s strategy to address inflation and stabilize the foreign exchange market has made Nigerian bonds more attractive, particularly to foreign portfolio investors (FPIs) looking for higher yields.