Introducing FGN Savings Bond Offer For August 2017


This is to bring to the notice of the public that the Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), wishes to introduce a retail savings product that will be accessible to all income groups – the FGN Savings Bond.

Kindly note that the FGN Savings Bond for August 2017 kicks off today.
Details are as follows;  
2 Year FGN Savings Bond
August 16, 2019 : Coupon  13.535% per annum 
3 Year FGN Savings Bond
August 16, 2020:  Coupon  14.535% per annum  
Opening Date
Monday, August 7, 2017
Closing Date
Friday, August 11, 2017
Settlement Date
Wednesday, August 16, 2017 (this is the date the bonds will be credited into your CSCS Account domiciled with your broker)
Units of Sale
N1,000 per unit subject to a minimum subscription of N5,000  and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000.
Interest Payment
Quarterly (Coupon rate divided by 4)
Bullet payment on the maturity date
  • To deepen the national savings culture.
  • To provide opportunity to all citizens irrespective of income level to contribute to National Development.
  • To enable all citizens participate in and benefit from the favorable returns available in the capital market.
  • To diversify funding sources for the Government. 
  • Interest income is paid quarterly directly into bond holder’s account.
  • The Bond is acceptable as collateral for loans by banks and can be sold for cash in the secondary market before maturity.
  • Good for savings towards retirement, marriage, school fees, house projects, etc.
  • Safety: backed by the full faith and credit of the Federal Government of Nigeria.


The Bond will be listed on the Nigeria Stock Exchange for trading and provides liquidity for investors who want to exit before maturity.

Subscription Mode
Investors are to subscribe through stockbroking firms trading on the floor of The Nigerian Stock Exchange (NSE) and accredited by the DMO to act as Distribution Agents. (Please visit for the list of accredited Stockbroking Firms).
GTI Securities is one of the authorized Distribution Agents of the Federal Government Savings Bond.
How to Invest
  • Please download and complete the FGN Savings Bond Subscription form by clicking here
  • Duly completed subscription form should be submitted at our office or scan and email to [email protected] and make payment into our accounts stated below.
  • Skye Bank                                                                                                                                         
    Account Number: 4010004109
    Account Name: GTI Securities Ltd   
    Sort Code: 076152319
  • Sterling Bank
    Account Number: 0009883355
    Sort Code: 232150207
    Account Name: GTI Securities Ltd    

On settlement date, CSCS will credit investor’s account with volume of bonds purchased.

Click here for Frequently Ask Questions on FG Savings Bond.