- The Debt Management Office has opened subscriptions for January 2025 Federal Government Savings Bonds, inviting individual and institutional investors
- The offerings include a two-year bond at 17.235% and a three-year bond at 18.235%, with a minimum investment of N5,000
The Debt Management Office (DMO) of Nigeria has opened the subscription window for January 2025 Federal Government Savings Bonds (FGN Savings Bonds).
The subscription period runs from January 13 to January 17, 2025, inviting both individual and institutional investors to participate.
The bond offerings for January include:
- Two-Year Savings Bond: Maturing on January 22, 2027, with an interest rate of 17.235%.
- Three-Year Savings Bond: Maturing on January 22, 2028, with an interest rate of 18.235%.
Each bond unit is priced at N1,000, with a minimum subscription requirement of N5,000. Investors can increase their investments in multiples of N1,000, up to a maximum limit of N50 million.
The settlement date for successful subscriptions is set for January 22, 2025, with the first quarterly coupon payment scheduled for April 22, 2025. Subsequent payments will occur on July 22, October 22, and January 22 annually.
This initiative offers Nigerians a secure investment option with regular returns, contributing to national financial inclusion and investment diversification.
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