DMO Announces the Resumption of FGN Savings Bond Offer in August 2020

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 September 2017 kicks off today.
Details are as follows;
2 Year FGN Savings Bond
September 20, 2019 : Coupon  13.817% per annum 
3 Year FGN Savings Bond
September 20, 2020:  Coupon  14.817% per annum  
Opening Date
Monday, September 11, 2017
Closing Date
Friday, September 15, 2017
Settlement Date
Wednesday, September 20, 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.
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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).
How to Invest
  • Please download and complete the FGN Savings Bond Subscription form by clicking here

Click here for Frequently Ask Questions on FG Savings Bond.