DMO offers July FGN Bonds at up to 16.762% for retail investors
The Debt Management Office (DMO) has announced the commencement of subscription for the July 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, offering attractive interest rates of up to 16.762 per cent per annum.
In a circular released on Monday, July 7, 2025, the DMO stated that the subscription window for the bonds will run from Monday, July 7 to Friday, July 11, 2025.
The initiative aims to provide retail and institutional investors with low-risk, government-guaranteed investment options amid a relatively stable macroeconomic environment.
This month’s offering includes two bond tenures: A 2-year bond maturing on July 16, 2027, with an annual interest rate of 15.762 per cent and a 3-year bond maturing on July 16, 2028, offering 16.762 per cent per annum.
Each bond unit is priced at N1,000, with a minimum subscription of N5,000, and additional investments accepted in multiples of N1,000, up to a maximum of N50 million per investor.
Interest payments are scheduled quarterly, with settlement dates on January 16, April 16, July 16, and October 16 every year.
The new rates mark a modest decline from those offered in June 2025, when the 2-year bond yielded 16.121 per cent and the 3-year bond offered 17.121 per cent.
Analysts say the rate adjustment reflects current macroeconomic realities and the Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.5 per cent, as part of its broader inflation control strategy.
The DMO also released results from the June 2025 auction, which raised N4.01 billion from the public. This figure represents a slight drop from N4.28 billion recorded in May 2025, but still signals robust demand for fixed-income securities.
According to DMO data: The 2-year bond garnered N2.01 billion in allotments from 1,202 successful subscriptions. The 3-year bond attracted N1.995 billion from 1,321 subscriptions.
