Through the Debt Management Office (DMO), the Federal Government of Nigeria, invites individuals and institutions to invest in December’s Federal Government Savings Bonds from December 2 to December 6, 2024.
Bond Options:
Two-Year Bond: Matures December 11, 2026, with 17.483% interest.
Three-Year Bond: Matures December 11, 2027, with 18.483% interest.
Investment Details:
Price per unit: N1,000
Minimum investment: N5,000
Maximum investment: N50 million
Payment settlement: December 11, 2024
Quarterly interest payments: Starting March 11, 2025
Higher Interest Rates
The current 18.483% rate marks a surge from December 2023’s 13.28%, driven by the Central Bank of Nigeria’s interest rate hikes to combat inflation and stabilize the economy.
Benefits
– Government-backed stability
– Quarterly cash flow
– Low entry barrier (N5,000)
November Auction Success
The government raised N369.59 billion, in November 2024, with a 7-year bond attracting N294.02 billion—well above the initial N60 billion offer—at a 22.00% marginal rate.
Why Invest?
FGN Savings Bonds offer secure, high-yield returns and support national financial stability. Hence, this is an opportunity to grow one’s savings.
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