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FG Announces Two Savings Bond Offers

The Nigerian government, through the Debt Management Office (DMO), has introduced two savings bond offers.

The first offer is a two-year bond with an annual interest rate of 17.23%, maturing in January 2027.

The second offer is a three-year bond, offering 18.23% interest annually, with a maturity date in January 2028. According to a recent DMO notice, both bonds come with unique benefits.

These bonds are tax-exempt under both personal and corporate tax laws.

Large investors, such as pension funds and trustees, are eligible to purchase them.

Each bond is priced at N1,000.

A minimum investment of N5,000 is required, with a maximum purchase limit of N50,000,000.

The DMO assures that these bonds are secure, being backed by the Nigerian Federal Government, which guarantees repayment.

Previously, the DMO announced plans to offer three bonds totaling N150 billion in September.

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