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.