The Debt Management Office (DMO) has opened subscriptions for the November 2025 edition of the Federal Government of Nigeria (FGN) Savings Bond, offering investors a secure and rewarding opportunity to grow their wealth while supporting national development. The latest bond series comes with attractive yields of up to 14.565% per annum, reflecting the government’s effort to encourage domestic investment and financial inclusion.
According to the DMO, two bond options are available this month: a 2-Year FGN Savings Bond due November 12, 2027, carrying an annual interest rate of 13.565%, and a 3-Year FGN Savings Bond due November 12, 2028, with a higher rate of 14.565%. The subscription window runs from Monday, November 3, to Friday, November 7, 2025, while settlement is set for November 12, 2025. Interest payments will be made quarterly on February 12, May 12, August 12, and November 12 until maturity.
Designed to encourage savings among Nigerians, the FGN Savings Bond provides a safe investment option backed by the full faith and credit of the Federal Government. Investors can participate with as little as ₦5,000 and in multiples of ₦1,000 thereafter, up to a maximum of ₦50 million. The bond is listed on the Nigerian Exchange (NGX), ensuring tradability and liquidity, and also qualifies as a trustee security under the Trustee Investment Act.
In addition to its security and liquidity benefits, the FGN Savings Bond offers tax exemptions for pension funds and certain investors under existing tax laws. It also qualifies as a liquid asset for banks’ liquidity ratio calculations, further boosting its attractiveness within the domestic capital market. The DMO has advised interested investors to contact authorized stockbroking firms serving as distribution agents for the bond offering.
Since its introduction in 2017, the FGN Savings Bond program has played a key role in deepening Nigeria’s domestic debt market and promoting financial inclusion. The relatively high coupon rates in the November 2025 offer are seen as a response to current inflationary pressures and an incentive for retail investors. For small investors, this bond provides not just a steady income stream but also a meaningful opportunity to contribute to Nigeria’s economic growth and infrastructure development.
source: nairametrics