Savings Bond: FG Raises N3.96 Billion in October Offer
The Federal Government, through the Debt Management Office (DMO), has raised a total of N3.96 billion from the October 2025 issuance of the Federal Government of Nigeria Savings Bonds (FGNSB).
According to the DMO’s official allotment results, the government offered two tranches of savings bonds for the month of October:
- a two-year FGN Savings Bond due October 15, 2027, allotted at an interest rate of 14.062% per annum, with a total subscription value of N779.047 million and 1,052 successful investors.
- a three-year FGN Savings Bond due October 15, 2028, which attracted more interest, raising N3,185.695 million with 1,435 successful subscriptions at a coupon rate of 15.062% per annum.
No direct quotes available in the text.
Author's summary: Nigeria raises N3.96 billion from savings bonds.
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