The Debt Management Office (DMO) of Nigeria has announced the opening of the Federal Government of Nigeria (FGN) Savings Bond offer for subscription for the month of April 2025.
This initiative, aimed at enhancing financial inclusion and promoting a savings culture among Nigerians, opens on Monday and will close on April 11.
Pointblank News obtained this information from the DMO website on Monday.
The offer includes two bond tenors with competitive interest rates:
2-Year FGN Savings Bond due April 16, 2027, with an annual interest rate of 16.046 per cent.
3-Year FGN Savings Bond due April 16, 2028, offering a higher interest rate of 17.046 per annum per annum.
The bonds are sold in units of N1,000, with a minimum subscription of N5,000 and increments in multiples of N1,000 thereafter. The maximum subscription allowed is N50m.
Quarterly interest payments will be made on January 16, April 16, July 16, and October 16, with bullet repayment upon maturity.
The bonds are fully backed by the credit of the Federal Government and are classified as liquid assets for banks and tax-exempt for qualifying investors, including pension funds.
The FGN Savings Bond is listed on the Nigerian Exchange and qualifies as a trustee investment under existing financial laws.
Interested investors are advised to apply through accredited stockbroking firms, with more information available on the DMO’s official website, www.dmo.gov.ng.
This offering presents a secure investment opportunity for Nigerians seeking to diversify their portfolios while contributing to national development.
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