The Debt Management Office has opened subscription for the August 2025 issuance of the Federal Government of Nigeria Savings Bonds, offering yields of up to 15.401% per annum.

According to a circular published on its website Monday, the subscription period runs from Monday, August 4 to Friday, August 8, 2025.

This month’s offering includes two tenors:

A 2-year bond maturing August 13, 2027, with an annual interest rate of 14.401%

A 3-year bond maturing August 13, 2028, offering 15.401%.

Each bond unit is priced at ₦1,000, with a minimum subscription of ₦5,000 and additional purchases in multiples of ₦1,000. The maximum subscription is capped at ₦50 million.

Interest payments are scheduled quarterly—on February 13, May 13, August 13, and November 13—with the first settlement set for August 13, 2025.

The savings bond programme enables retail investors to earn stable returns while contributing to national development through government-backed securities.

Compared to July 2025 rates, returns have slightly declined.

The 2-year bond is down from 16.762% to 14.401%, and the 3-year bond from 15.762% to 15.401%.

The drop aligns with the Central Bank of Nigeria’s decision to maintain its benchmark interest rate at 27.5%, a strategy aimed at curbing inflation and stabilizing the naira.

These conditions have continued to attract foreign portfolio investors seeking high-yield assets in emerging markets.