Nigeria's Debt Management Office launches 2-year and 3-year FGN Savings Bonds with 17.373% and 18.373% interest, respectively.

Nigeria's Debt Management Office introduces two FGN Savings Bonds: a 2-year bond (due 2026) with 17.373% interest, and a 3-year bond (due 2027) with 18.373% interest. Available for subscription at N1,000 per unit, the bonds are supported by the FGN, listed on the Nigerian Exchange, and qualify for various exemptions. Minimum subscription is N5,000, with a cap at N50m, and interest is paid quarterly.

August 12, 2024
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