The Federal Government, through the Debt Management Office (DMO), has announced the release of two new savings bonds, offering attractive interest rates. The first bond is a two-year investment, paying 17.23% interest annually, and will mature in January 2027. The second bond is a three-year investment, with an 18.23% annual interest rate, maturing in January 2028.
The DMO confirmed that the bonds, which are backed by the Federal Government, are a safe investment option as they are guaranteed to be repaid. Interested buyers can purchase the bonds from January 13 to January 17, 2025. The bonds will officially commence on January 22, 2025, with interest payments made quarterly – in April, July, October, and January.
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These bonds are tax-free, benefiting both companies and individual investors, and are available for purchase by large institutional investors, including pension funds and trustees. Each bond costs N1,000, with a minimum purchase requirement of N5,000 and a maximum limit of N50,000,000.
The DMO’s initiative offers Nigerians a secure investment option while supporting the government’s financial strategies.
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