By Kadiri Abdulrahman
The Debt Management Office (DMO) on Tuesday opened two new Nigerian Federal Government Savings Bonds to subscribe at N1,000 per unit.
According to information obtained from the official OGD website, one is a two-year savings bond due on April 14, 2023, at an interest rate of 5.522% per annum.
The second offer is a three-year bond due April 14, 2024, at an interest rate of 6.522 per annum.
The bonds are open at N1,000 per unit, with a minimum subscription of N5,000 in multiples of N1,000 thereafter and subject to a maximum of N50 million.
“Bonds are considered securities in which trustees may invest under the Trustees Investments Act.
“It is backed by the full faith and credit of the Federal Government of Nigeria and charged against the general assets of Nigeria,” explained DMO.
He urged interested investors to contact the brokerage firms designated as distribution agents by the OGD. (NOPE)
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