The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria has announced the Federal Government of Nigeria Savings Bond at the following interest rates:
- 2-Year FGN Savings Bond due January 22, 2027: 17.235% per annum
- 3-Year FGN Savings Bond due January 22, 2028: 18.235% per annum
According to DMO, the Opening Date for the offer is on January 13, 2025. Closing Date is January 17, 2025. Settlement Date is January 22, 2025. Coupon Payment Dates are April 22, July 22, October 22 and January 22 respectively.
UNITS OF SALE:
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.