The federal government, through the Debt Management Office, has announced two savings bonds for subscription for July.
The federal government, through the Debt Management Office, has offered three FGN bonds, valued at N900 billion, for subscription at N1,000 per unit.
The second offer is a three-year FGN savings bond due on June 11, 2028, at an interest rate of 17.121 per cent per annum.
DMO) announced on Thursday a reopening of three federal government savings bonds worth N450 billion for subscription by auction.
The Debt Management Office has listed two federal government of Nigeria savings bonds for subscription at N1,000 per unit.
The debt office announced that the bonds are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000.
On Monday, the Debt Management Office (DMO) listed two federal government savings bonds for subscription at N1,000 per unit.
The DMO said the first offer is a two-year FGN savings bond due on August 16, 2025, at an interest rate of 9.634 per cent per annum.
According to the DMO, the bonds are offered at N1,000 per unit with a minimum subscription of N50 million and in multiples of N1,000 after that.
The DMO said FGN bonds qualify as liquid assets for liquidity ratio calculation for banks.
