The Nigerian Government, through the Debt Management Office (DMO), has announced the availability of two new savings bonds for investors, offering competitive interest rates.
The first bond is a two-year investment that pays an annual interest rate of 17.23%, with the bond maturing in January 2027. The second is a three-year bond, offering an even higher annual interest rate of 18.23%, set to mature in January 2028.
Bonds are considered a low-risk investment option, as they are backed by the Nigerian Government, which guarantees repayment of the principal amount. According to the DMO, the bonds will be available for purchase between January 13, 2025, and January 17, 2025. The bonds will be issued on January 22, 2025, with interest payments scheduled quarterly in April, July, October, and January.
These bonds come with unique benefits, including tax exemption under both company and personal tax laws. In addition, they are open to large institutional investors such as pension funds and trustees. The minimum purchase amount is N5,000, while the maximum investment limit is set at N50,000,000 per investor. Each bond is priced at N1,000.
The DMO previously announced a bond offering worth N150 billion in September, highlighting the government’s continued efforts to provide stable investment options for both individual and institutional investors.
