DMO announces February FGN Savings Bond

The Debt Management Office on behalf of the Federal Government of Nigeria offers for subscription and is authorized to receive applications for the Federal Government of Nigeria Savings Bond at the following interest rates:

  • 2-Year FGN Savings Bond due February 10, 2023: 4.214% per annum.
  • 3-Year FGN Savings Bond due February 10, 2024: 5.214% per annum.

Opening date is February 1, 2021. Closing date is February 5, 2021. Settlement date is February 10, 2021.

Coupon payment dates are May 10, August 10, November 10, and February 10.

Units of sale for the bond offer is N1,000 per unit subject to a minimum Subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000.

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