The Federal Government of Nigeria has through the Debt Management Office, DMO, announced two savings bond offers.
A recent notice by the debt office revealed that the first offer is a two-year bond that pays 17.23 percent of interest per annum and ends in January 2027.
The statement also notes that the second is a three-year bond that pays 18.23 percent of interest each year and ends in January 2028.
According to DMO, the two savings bonds are tax-free under both company and personal tax laws.
It stated that big investors like pension funds and trustees are allowed to buy the bonds which costs N1,000 each.
The bonds have a minimum subscription of N5,000 and a maximum of N50,000,000 worth.
The DMO described the savings bond as very safe investments, as they’re backed by Nigeria’s Government, with promises to pay back the money.
