The Debt Management Office (DMO) has successfully allotted a total of N4.34 billion in the April 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds.
This is according to data published on DMO’s official website.
The allotment, which ran during the offer period from April 7 to 11, 2025, saw investors subscribe to two tenors: a 2-year bond maturing on April 16, 2027, and a 3-year bond maturing on April 16, 2028.
Both bond series are set to settle on April 16, 2025, with coupon payments scheduled quarterly on July 16, October 16, January 16, and April 16 throughout their duration.
Breakdown of Allotment
Offer Details
The savings bonds, designed primarily for retail investors, continue to attract strong participation as Nigerians seek safer and more predictable returns amid broader market uncertainties.
FGN Savings Bond qualifies as a security in which trustees can invest under the Trustee Investment Act, and also qualifies as a government security under the Company Income Tax Act (CITA) and Personal Income Tax Act (PITA), enabling tax exemption status for pension funds and other eligible investors.