The Federal Government has announced attractive rates of up to 16.541 per cent per annum on its September 2025 savings bonds.
In a circular issued by the Debt Management Office (DMO), subscriptions opened on Monday and will close on Friday, September 5, with settlement scheduled for September 10.
Interest payments will be made quarterly in March, June, September, and December.
Two categories are available: a two-year bond maturing in September 2027 with a coupon rate of 15.541 per cent, and a three-year bond maturing in September 2028 at 16.541 per cent.
Rates have risen from 14.401 and 15.401 per cent respectively in August.
The DMO explained that the scheme, launched in 2017, was designed to promote financial inclusion and give retail investors access to secure, low-risk government securities.
Each bond is priced at ₦1,000, with a minimum subscription of ₦5,000 and a maximum of ₦50 million.
The savings bonds are recognised as approved investments under the Trustee Investment Act and qualify for tax exemptions under the Company Income Tax Act and Personal Income Tax Act.