The Nigerian Government, through the Debt Management Office (DMO), has unveiled two new savings bonds offering interest rates of 17.2% and 18.2% per annum. These bonds, aimed at retail investors, provide guaranteed quarterly interest payments and the repayment of the principal at maturity.
Available for purchase from September 2 to September 6 at N1,000 per unit, the bonds come in two options: a two-year bond maturing on September 11, 2026, and a three-year bond maturing on September 11, 2027.
The minimum subscription is N5,000, with subsequent multiples of N1,000, and a maximum limit of N50,000,000.
The bonds are listed on the Nigerian Exchange Limited (NGX), qualify as government securities under relevant tax acts, and are recognized as liquid assets for banks.
This initiative is designed to offer attractive investment opportunities while supporting financial stability.
