The Debt Management Office (DMO) has announced the opening of the October 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, offering investors attractive interest rates of 14.062% and 15.062% per annum for the 2-year and 3-year tenors, respectively.

According to a DMO circular on Monday, the offer for subscription opened on Monday, October 6, 2025, and will close on Friday, October 10, 2025, while the settlement date is scheduled for October 15, 2025.

Coupon payments will be made quarterly, on January 15, April 15, July 15, and October 15 each year, throughout the life of the bond, the circular added.

The DMO stated that the 2-year FGN Savings Bond will mature on October 15, 2027, while the 3-year bond will mature on October 15, 2028.

The DMO emphasized that interest on the bonds is payable quarterly, while the principal will be repaid in full at maturity (bullet repayment).

The 2-year bond interest rate decreased to 14.062% in October 2025, from 15.541 per cent in September. Similarly, the 3-year bond interest rate fell to 15.062% per annum in October from 16.541 per cent in September.

It will be recalled that at the Central Bank of Nigeria’s (CBN) Monetary Policy Committee meeting, the apex bank decided to reduce policy rates to 27% in September.

The CBN’s strategy to address inflation and stabilize the foreign exchange market has made Nigerian bonds more attractive, particularly to foreign portfolio investors (FPIs) looking for higher yields.