DMO opens new Federal Government Bonds subscription

Nigeria’s Debt Management Office (DMO) is once again offering 2-year Federal Government-backed Savings Bonds which will be due March 10, 2023, at 5.181% per annum and a 3-year Federal Government Savings Bond due on March 10, 2024, at 6.181% per annum.

This announcement which was made in February was reiterated by Director- General DMO, Mrs Patience Oniha through the organisation’s Twitter handle @DMONigeria

@DMONigeria is once again offering FGN-backed Savings Bonds which will mature in 2023 and 2024 at 5.181% and 6.181% respectively: https://t.co/o14op6uXum pic.twitter.com/y20TGEZsDk

— Patience Oniha (@OnihaPatience) March 4, 2021

The subscription opened on March 1, 2021, and will close on March 5, 2021. Units of Sale include N1,000 per unit with a minimum subscription of N5,000 and a maximum subscription of N50,000,000. Interest payments will be made quarterly.

Suzan O/ DMO Website