National Economy
Tuesday, July 1, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

DMO Offers Two New FGN Savings Bonds For Subscription

by Anita Jacobs
2 years ago
in Business, News
Reading Time: 2 mins read
DMO
Share on FacebookShare on TwitterShare on Telegram

 

The Debt Management Office (DMO) has announced the availability of two fresh Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit.

The first offer is a two-year FGN savings bond with a maturity date of August 16, 2025, offering an attractive interest rate of 9.634 per cent per annum.

The second offer is a three-year FGN Savings Bond, due on August 16, 2026, providing an even higher interest rate of 10.634 per cent per annum.

You May Like

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

Potential investors should note that the minimum subscription amount is N5,000, and they can invest in multiples of N1,000 thereafter, with a maximum subscription limit of N50 million.

The subscription for these bonds will open on August 7 and close on August 11. The settlement date for successful subscribers will be on August 16, and coupon payments will be made on November 16, February 16, May 16, and August 16.

The interest on these FGN savings bonds will be paid quarterly, while the principal sum will be repaid on the maturity date.

It’s important to highlight that FGN savings bonds hold several benefits for investors. They qualify as securities in which trustees can invest under the Trustee Investment Act and are considered government securities under the Company Income Tax Act and Personal Income Tax Act, making them eligible for tax exemptions for pension funds and other investors.

Additionally, these bonds serve as a liquid asset, contributing to the liquidity ratio calculation for banks.

Investors can rest assured that the FGN savings bond listed on the Nigerian Exchange Limited is backed by the full faith and credit of the Federal Government of Nigeria and is charged upon the general assets of the country.

This offering presents an opportunity for individuals and institutions to invest in secure and reliable financial instruments while earning competitive returns. Potential investors are encouraged to take advantage of this limited-time opportunity to subscribe to the FGN savings bonds and participate in the country’s economic growth and development.

ShareTweetShare
Previous Post

NAFDAC Enacts Regulations On Fats, Oils To Safeguard Nigerians’ Health

Next Post

FG To Eliminate Taxes On Tomatoes, Raw Food Items In Tax Reform Initiative

ANOTHER GOOD READ

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist
News

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

17 hours ago
Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force   
News

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

17 hours ago
KEDCO To Commission  N1.1bn Dawanau Network Expansion Project
News

KEDCO To Commission N1.1bn Dawanau Network Expansion Project

19 hours ago
Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia
News

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia

19 hours ago
MTN Foundation, NDLEA Lead Charge Against Substance Abuse
News

MTN Foundation, NDLEA Lead Charge Against Substance Abuse

19 hours ago
High Rent Fees Forces Low Income Families To Live In Subpar Housing
News

High Rent Fees Forces Low Income Families To Live In Subpar Housing

19 hours ago
Next Post
FG To Eliminate Taxes On Tomatoes, Raw Food Items In Tax Reform Initiative

FG To Eliminate Taxes On Tomatoes, Raw Food Items In Tax Reform Initiative

Most Recent

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

June 30, 2025
Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force   

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

June 30, 2025
17 States Confirm Plans To Host Olympic Day

17 States Confirm Plans To Host Olympic Day

June 30, 2025
NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

June 30, 2025
We Are Ready To Host CAA U18/U20 Championships – LOC

We Are Ready To Host CAA U18/U20 Championships – LOC

June 30, 2025
PFL  Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

PFL Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

June 30, 2025
Unlocking Africa’s Manufacturing Potential In Global Trade Networks

Unlocking Africa’s Manufacturing Potential In Global Trade Networks

June 30, 2025
Driving Aviation Growth Through Regional Collaboration

Driving Aviation Growth Through Regional Collaboration

June 30, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy