Nigeria’s Federal Government Launches Two New Savings Bonds

Nigeria’s Federal Government Launches Two New Savings Bonds

The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the introduction of two new Savings Bonds aimed at encouraging Nigerians to invest in secure and profitable assets ¹. These bonds offer attractive interest rates and are backed by the Federal Government, ensuring a high level of safety and security for investors.

Key Features of the Savings Bonds

Two-Year Bond

Offers a competitive interest rate of 17.23% per annum, maturing in January 2027.

Three-Year Bond

Provides an interest rate of 18.23% per annum, maturing in January 2028.

Tax-Free

Both bonds are exempt from taxes under company and personal tax laws.
– *Minimum Investment*: N5,000, with a maximum investment limit of N50,000,000.

Interest Payment

Interest will be paid quarterly, in April, July, October, and January.

*Benefits of Investing in Savings Bonds

Low Risk

Backed by the Federal Government, these bonds offer a low-risk investment option.

Guaranteed Returns

Investors can expect regular interest payments and the return of their principal investment.

Encourages Savings

These bonds promote a culture of savings and investment among Nigerians.

The offer period for these bonds is from January 13, 2025, to January 17, 2025, with the bonds set to be issued on January 22, 2025. This investment opportunity is open to all Nigerians, including big investors like pension funds and trustees.

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