The Federal Government of Nigeria has listed its July 2025 issue of FGN Savings Bonds on the Nigerian Exchange Limited (NGX).
The listing was announced on Wednesday, August 6, 2025, providing investors with tradable options in the retail debt segment of the market.
Details of the issuance show two tranches: a two-year 15.762% FGN Savings Bond due July 2027 and a three-year 16.762% FGN Savings Bond due July 2028.
For the two-year bond (FGS JUL 2027), the government issued ₦853.822 million in 853,822 units with a coupon rate of 15.762%.
The three-year bond (FGS JUL 2028) had an issuance of ₦3.413 billion in 3,413,688 units, carrying a coupon rate of 16.762%.
Both bonds were issued on July 16, 2025, and will mature on July 16, 2027, and July 16, 2028, respectively. Coupon payments are scheduled quarterly on April 16, July 16, October 16, and January 16.
The instrument codes for the securities are FGS202793 (ISIN: NGFGS2027939) for the two-year tranche and FGS202894 (ISIN: NGFGS2028945) for the three-year tranche.
The FGN Savings Bond programme is targeted at retail investors, offering a secure investment avenue backed by the full faith and credit of the Federal Government, while supporting national savings mobilisation and financial inclusion.