{"id":29425,"date":"2021-04-06T14:55:08","date_gmt":"2021-04-06T13:55:08","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=29425"},"modified":"2021-10-07T00:24:36","modified_gmt":"2021-10-07T00:24:36","slug":"nigeria-offers-two-new-savings-bonds-for-subscription","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/nigeria-offers-two-new-savings-bonds-for-subscription\/","title":{"rendered":"Nigeria offers two new savings bonds for subscription"},"content":{"rendered":"<p>Loveth Okoli<\/p>\n\n\n<p>The Debt Management Office (DMO), on Tuesday, opened two new Federal Government of Nigeria\u2019s savings bonds for subscription at N1,000 per unit.<\/p>\n\n\n<p>According to information obtained from the DMO\u2019s official website, one is a two-year savings bond due on April 14, 2023, at an interest rate of 5.522 per cent per annum.<\/p>\n\n\n<p>The second offer is a three-year bond due on April 14, 2024, at an interest rate of 6.522 per annum.<\/p>\n\n\n<p>The bonds are opened at N1,000 per unit, with a minimum subscription of N5,000 in multiples of N1,000 thereafter and subject to a maximum of N50 Million.<\/p>\n\n\n<p>\u201cThe bonds qualify as securities in which trustees can invest under the Trustee Investment Act.<\/p>\n\n\n<p>\u201cIt is backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria,\u2019\u2019 DMO explained.<\/p>\n\n\n<p>It urged interested investors to contact the stock-broking firms appointed as distribution agents by the DMO.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-29425\" data-postid=\"29425\" class=\"themify_builder_content themify_builder_content-29425 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Loveth Okoli The Debt Management Office (DMO), on Tuesday, opened two new Federal Government of Nigeria\u2019s savings bonds for subscription at N1,000 per unit. According to information obtained from the DMO\u2019s official website, one is a two-year savings bond due on April 14, 2023, at an interest rate of 5.522 per cent per annum. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[507],"class_list":["post-29425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-money","tag-bond","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria offers two new savings bonds for subscription - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/nigeria-offers-two-new-savings-bonds-for-subscription\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria offers two new savings bonds for subscription - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Loveth Okoli The Debt Management Office (DMO), on Tuesday, opened two new Federal Government of Nigeria\u2019s savings bonds for subscription at N1,000 per unit. According to information obtained from the DMO\u2019s official website, one is a two-year savings bond due on April 14, 2023, at an interest rate of 5.522 per cent per annum. 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