Nigerian government through the Debt Management Office has announced two savings bond offers.
The first one is a two-year bond that pays 17.23 percent of interest per annum and ends in January 2027.
The second is a three-year bond that pays 18.23 percent of interest each year and ends in January 2028.
This was contained in DMO’s recent notice, noting that two savings bonds have some special features.
They are tax-free under both company and personal tax laws.
Big investors like pension funds and trustees are allowed to buy them.
Each bond costs N1,000.
You need to buy at least N5,000 worth, but you can’t buy more than N50,000,000 worth.
According to DMO, these are very safe investments because they’re backed by Nigeria’s Federal Government, which promises to pay back the money.
Earlier, the Debt Management Office had said the government was offering three bonds worth N150 billion in September.
