DMO offers FGN 2yr, 3yr savings bonds for August

By Elizabeth Adegbesan

The Debt Management Office (DMO) has offered a 2 year and 3 year Federal Government of Nigeria, FGN, Savings Bonds for August 2026 subscription.

The 2-year saving bond due on August 12, 2028, was offered at an interest rate of 13.96 percent per annum and the 3-year bond at 14.96 percent per annum is due on August12, 2029.

The Office disclosed this yesterday in a circular announcing the offer adding that both instruments are issued at N1,000 per unit with a minimum subscription of N5,000.

“Unit of sale: N1,000 per unit subject to a minimum Subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000.”