The FGN Savings Bond


Tuesday, February 21, 2017 6:28 PM / FSDH 

We are pleased to introduce to you the FGN Savings Bond, a bond being issued by Debt Management Office on behalf of Federal Government of Nigeria. The bond issuance is part of the Federal Government programme targeted at the lower income earners to encourage savings and also earn more income (interest) when compared to their savings accounts with banks. 

FGN Bonds are debt securities (liabilities) of the Federal Government of Nigeria (FGN) backed by the ‘full faith and credit’ of the Federal Government and  no default risk, meaning that it is a safe investment where interests will be paid at regular period and principal repaid at maturity.  

The bonds will be issued before the end of the first quarter of this year and has a tenor of between two-three years and a minimum size of investment of N5,000 and maximum of N50million.


  • Denomination: Minimum subscription of N5,000  and a maximum of N50million.
  • Yield: Fixed interest rates which will be paid every quarterly.
  • Tenor:  Two - Three Years.  


  • It offers guaranteed returns, and encourages financial inclusion among low income households.
  • It enables individuals to enjoy those benefits which accrue to high net-worth investors in the capital market.
  • A competitive fixed rate – interest rate. 
  • The interest incomes earned from the securities are tax exempt.
  • The FGN SB Certificate can be used as collateral for loan.

Related News

1.       Federal Government Meets Investors on the Issuance of Sovereign Green Bonds

2.      NSE Increases Listing Momentum, Lists Forte Oil’s N9 Billion Bond

3.      Expect to see a pick-up in FGN external borrowing

4.      Summary of Auction Results for February 2017

5.      Invest in FGN Monthly Bond Auction – February 2017

6.      Summary of Auction Results for January 2017

7.      Invest in FGN Monthly Bond Auction – January 2017

8.     Primary Auction of CBN Treasury Bills Today

9.      A Poor Auction Result But No Disaster

10.  Summary of Auction Results for December 2016

11.   Book Running On Lagos State Govt Series1 N60bn Bond Starts Today

12.  Eurobond: FG Appoints transaction parties

13.  A Hint of Investor Fatigue

14.  FMDQ Admits 7.96bn Sterling Investment Management SPV PLC Bond

15.   Access Bank Commences Book Building for N100bn Commercial Paper

16.  FGN’s Contingent Liabilities Put at N1,656bn at the end of 2015

17.   Vetiva Lists First Bond ETF on NSE

18.  FGN External Debt Mostly Concessional

19.  Still healthy debt stock ratios

20. ICM Return in Line With Debt Strategy

Related News