The Debt Management Office (DMO) is giving Nigerians a chance to invest in government savings bonds with attractive interest rates.
Two Bond Options Available
There are two options to choose from:
- A two-year bond maturing on April 9, 2026, offering a return of 17.046% per year.
- A three-year bond maturing on April 9, 2027, with an even higher interest rate of 18.046% per year.
Investment Details
- Each bond unit costs N1,000.
- The minimum investment is N5,000, and you can increase your investment in multiples of N1,000, up to a maximum of N50 million.
- The subscription period is open from April 1st to April 5th, 2024.
Benefits and Security
- Interest is paid quarterly.
- You will receive the full principal amount you invested upon maturity.
- These bonds are backed by the Nigerian government, making them a secure investment.
- They offer tax benefits for pension funds and some other investors.
- The bonds are listed on the Nigerian Stock Exchange, providing easy access for selling if needed.
Ready to Invest?
For more information on how to subscribe to these FGN savings bonds, contact the Debt Management Office or your preferred stockbroker.
