The Debt Management Office (DMO) has opened subscriptions for the November 2025 edition of the Federal Government of Nigeria (FGN) Savings Bond at lower interest rates than the rates offered in October 2025.
It announced this in a statement on Monday, November 3.
The subscription period opens today and will be closed on Friday, November 7, DMO said, fixing the settlement date for November 12, 2025.
According to the statement, the bond is available at ₦1,000 per unit, with a minimum subscription of ₦5,000 and in multiples of ₦1,000 thereafter, up to a maximum of ₦50 million per investor.
It indicated that the available tenure for the November offer is the 2-year and 3-year bonds.
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The 2-year FGN Savings Bond, which will be due on November 12, 2027, was offered at an interest rate of 13.565 per cent per annum, lower than the 14.062 per cent per annum rate offered in October.
Similarly, the 3-year FGN Savings Bond due November 12, 2028, was offered at 14.565 per cent per annum, lower than the 15.062 per cent per annum rate offered for the October subscription.
Pinnacle Daily reports that the bond is designed to encourage savings among Nigerians while offering a safe investment option with guaranteed returns.
While it provides investors with an opportunity to earn interest rates, it contributes to the nation’s economic development through a secure and transparent investment platform.
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According to the debt office, interest payments will be made quarterly, on February 12, May 12, August 12, and November 12, until maturity of the instruments.
It stated that, in line with its features, the FGN Savings Bond offers several benefits, including qualification as trustee securities under the Trustee Investment Act, tax exemptions for pension funds and other eligible investors under the Company Income Tax Act (CITA) and Personal Income Tax Act (PITA), listing on the Nigerian Exchange Limited (NGX), which allows investors to trade the bonds and enhances liquidity, and qualification as liquid assets for the computation of banks’ liquidity ratios.
“It is backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria,” DMO added.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
