The Debt Management Office of the Nigeria (DMO) is issuing two new savings bonds. The first is a two-year bond that expires in January 2027 and yields an annual interest rate of 17.23%.
The second is a three-year bond that expires in January 2028 and yields an annual interest rate of 18.23%.
These bonds will be available for purchase from January 13, 2025, to January 17, 2025. On January 22, 2025, the government will begin issuing the bonds, and investors will get interest payments every three months in April, July, October, and January.
These bonds have certain appealing characteristics. They are exempt from both personal and corporate taxes. They can be purchased by large investors such as trustees and pension funds. The bonds are N1,000 each.
You are unable to purchase more than N50,000,000, but you must purchase at least N5,000. Due to the Federal Government of Nigeria’s backing and pledge to repay the funds, these investments are extremely secure.
According to a previous announcement seen by 9am News Nigeria, the Federal Government of Nigeria will in September 2025 issue three bonds totaling N150 billion, through the Debt Management Office.
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