.png)
.png)
7 hours ago
5
- The DMO has introduced the July 2025 Federal Government Savings Bonds, offering involvement rates up to 16.762% per annum
- They travel successful a two-year enslaved maturing successful 2027 and a three-year enslaved maturing successful 2028, with a minimum concern of N5,000
- The bonds are backed by the afloat religion and recognition of the Federal Government, making them a secure, low-risk concern option
Legit.ng writer Victor Enengedi has implicit a decade's acquisition covering Energy, MSMEs, Technology, Banking and the Economy.
The national government, done the Debt Management Office (DMO), has introduced the July 2025 Federal Government of Nigeria (FGN) savings bonds, offering charismatic involvement rates of up to 16.762% per year.
The subscription play opened connected Monday, July 7, 2025, and volition extremity connected Friday, July 11, 2025, arsenic stated successful a DMO circular.
Source: UGC
Why subscribe to FGN's savings bond
This enslaved offering consists of 2 types: a two-year FGN savings bond, which volition mature connected July 16, 2027, with an involvement complaint of 15.762% per year, and a three-year FGN savings bond, maturing connected July 16, 2028, with a complaint of 16.762% per year.
The bonds are priced astatine N1,000 per unit, with a minimum concern of N5,000, and further investments indispensable beryllium successful multiples of N1,000, up to a maximum of N50 million.
Interest payments volition beryllium made quarterly connected January 16, April 16, July 16, and October 16, with the main magnitude paid backmost successful afloat erstwhile the enslaved matures.
These savings bonds are guaranteed by the afloat religion and recognition of the Federal Government, offering a secure, low-risk concern option.
The DMO encourages interested investors to scope retired to authorised stockbroking firms listed connected their website to enactment successful the offering.
In June 2025, the Federal Government raised N4.01 cardinal done its FGN savings enslaved auction, showing beardown request for semipermanent investments.
The June fig is somewhat little than the N4.28 cardinal raised successful May 2025. According to DMO data, the two-year enslaved attracted N2.01 cardinal from 1,202 palmy subscriptions, portion the three-year enslaved raised N1.995 cardinal from 1,321 palmy subscriptions.
More details astir FGN savings bond
The FGN Savings Bond program, launched successful 2017, aims to grow the home enslaved market, beforehand fiscal inclusion, and supply retail investors with entree to secure, low-risk authorities securities.
It is recognised nether the Trustee Investment Act and the Personal Income Tax Act (PITA), qualifying for taxation exemptions by pension funds and different qualified organization investors.
The bonds are besides listed connected the Nigerian Exchange Limited (NGX), allowing investors to commercialized them successful the secondary market, which improves liquidity.
They are besides considered liquid assets for calculating banks' liquidity ratios. Over time, FGN Savings Bonds person gained popularity among Nigerians seeking stable, predictable concern opportunities, particularly successful airy of concerns astir ostentation and fluctuating involvement rates successful accepted savings products.
Nigeria’s dollar enslaved becomes worst-performing
Earlier, Legit.ng reported that Nigeria's dollar bonds were among the poorest performers successful emerging markets, with its sovereign-risk premium reaching an eight-month high.
Some investors whitethorn interest astir a akin result successful Nigeria, wherever the interaction of President Bola Tinubu's policies has led to hardship for the people.
According to Citigroup strategists Alexander Rozhetskin and Luis Costa, governmental instability and a challenging betterment situation are influencing the pricing of Nigerian bonds.
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
