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DMO unveils 2 new FGN savings bonds with double-digit interest rates



In a blazing move that has investors on the edge of their seats, the Debt Management Office (DMO) has electrified the financial landscape with an announcement that’s sending shockwaves through the markets.

Brace yourselves, because not one, but two sizzling Federal Government of Nigeria (FGN) Savings Bonds are up for grabs, each priced at an incredibly affordable N1,000 per unit.

Hold on tight, because this is no ordinary offer. The first bond, a tantalizing two-year FGN savings sensation, is set to mature on August 16, 2025. But that’s not all – it’s backed by an eye-popping interest rate of  9.634 percent per annum. Yes, you read that right! Your investments could be growing at an exhilarating pace that will leave your heart racing.

If that’s not enough to make your financial pulse quicken, here comes the second act. Feast your eyes on a three-year FGN Savings Bond, ready to set the market ablaze until August 16, 2026. Hold onto your hats, because this one boasts an incendiary 10.634 percent interest rate per annum. It’s like rocket fuel for your portfolio!

But wait, there’s more! This isn’t just an opportunity for the big players. You can get in on the action with a minimum subscription of just N5,000, and then increase your stake in mouthwatering multiples of N1,000. The flames of excitement burn even brighter as the maximum subscription hits an astonishing N50 million.

Mark your calendars, because the inferno begins on August 7 and scorches through until August 11. As the dust settles on August 16, you’ll be sitting pretty, ready to reap the rewards of your daring investment. And that’s not all – feast your eyes on the red-hot coupon payment dates: November 16, February 16, May 16, and of course, the grand finale on August 16.

But don’t think this is just another financial bonfire. The DMO knows how to fan the flames of your financial success. Interest payments will come roaring in quarterly, keeping your adrenaline pumping, while the principal repayment, that’s the heart of your investment, ignites on the maturity date.

Hold onto your hats, because the excitement doesn’t stop there. The FGN Savings Bond isn’t just a hot commodity, it’s a financial firestorm that qualifies as the ultimate investment. This is the rocket fuel that trustees can’t resist, aligning perfectly with the Trustee Investment Act. And it’s not just for the chosen few – even pension funds are basking in the glow of tax exemption, thanks to the FGN Savings Bond’s classification as government securities under the Company Income Tax Act and Personal Income Tax Act.

Banks are joining the fever too, as this red-hot bond steps up as a liquid asset for their all-important liquidity ratio calculations. It’s like having a financial fire extinguisher right at your fingertips.

And let’s not forget the cherry on top – this blazing opportunity, traded on the Nigerian Exchange Limited, comes locked and loaded with the unshakable backing of the FGN’s full faith and credit. In other words, it’s as solid as the bedrock of Nigeria itself.

So there you have it, the hottest investment opportunity to set the financial world ablaze. With these two dynamic FGN Savings Bonds, you don’t just invest – you ignite a financial inferno that promises to burn bright and strong. Don’t miss out, because this fire sale won’t last forever!

Kadiri Abdulrahman

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



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