The Federal Government has introduced two fresh Savings Bonds through the Debt Management Office (DMO).
The first bond is a two-year option with an annual return of 17.23%, set to mature in January 2027.
The second is a three-year bond offering 18.23% yearly returns, maturing in January 2028.
The bonds will be available for purchase from January 13 to January 17, 2025.
Investments will begin on January 22, 2025, with quarterly interest payments in April, July, October, and January.
These bonds are tax-free for individuals and companies, making them appealing to large investors such as pension funds and trustees.
The price per unit is ₦1,000, with a minimum investment of ₦5,000 and a maximum limit of ₦50 million.
The DMO assured buyers of the bonds’ safety, as they are fully backed by the Federal Government.