• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Financial Literacy

DMO announces December 2022 FGN Savings bond details

Nairametrics by Nairametrics
December 5, 2022
in Financial Literacy, Fixed Income, Investment Tips, Markets, Securities
Where to invest N250,000 right now
Share on FacebookShare on TwitterShare on Linkedin

The Debt Management Office (DMO), on behalf of the Federal Government, has announced the offer for a subscription to the December 2022 Federal Government Savings Bond. 

A circular issued by the DMO and seen by Nairametrics reveals two tranches of issuances  — 2-year and 3-year savings bonds, with interest rates of 12.25% and 13.25%, respectively. 

This shows that the interest rates decreased from 12.492% and 13.492% in November for the 2-year and 3-year Savings Bonds respectively. 

RelatedStories

FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer

DMO allots N4.01 billion in FGN Savings Bonds for June 2025  

June 18, 2025
Global mortality of children under-5 drops to 4.9 million, progress remains slow- UN Report 

UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report

June 18, 2025

Interest rate drop: The latest FGN Savings Bond yield fell slightly when compared to the same period last month suggesting that the DMO may be reacting to an increase in demand for the bond. 

  • This is on the back of a recent rate hike by the central bank to 16.5% in a bid to tame the surge inflation rate, which rose to about 21% in October 2022.
  • Following the MPR rate hike, savings bond rates have also been rising to reflect the changes in the benchmark rate. 
  • Between May and November, the interest rate for the 2-year FGN savings bond has moved from 7.934% to 12.492% per annum, while the 3-year bond has seen its rate increase from 8.934% to 13.492% in the same period. 

Why did the rate drop? We believe the slight drop in yields is likely due to an increase in demand for fixed-income securities especially those that are risk-free such as the FGN Bonds.

  • Investors appear to be taking advantage of higher yields in the fixed-income market when compared to other investment options.
  • The CBN also alluded to this in its last monetary policy communique claiming that the bad performance of the All Share Index in October was also because “investors are taking advantage of higher yields in the fixed income market” when compared to other investment outlets.
  • We also see a similar trend with Nigeria’s Eurobond yields which also fell as bond prices rose.

Key details to note: The opening date for subscription was December 5th, 2022 and the closing date is December 7th, 2022.

  • The settlement date is December 14th, 2022, and coupon payment dates will be March 14, June 14, September 14, December 14
  • 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.

Is this a buy or bounce? An interest rate of 12-13% for the one to two-year savings bond is still below the inflation rate, however, it is still much higher than what was obtainable earlier in the year.

  • Retail investors with naira savings should consider investing in FGN Bonds since they are risk-free and coupons are also paid twice a year.
  • There are next to zero alternatives out there that offer a higher interest rate than the FGN Savings bonds that do not include a high level of risk.
  • Opportunities like this may also not be available again as yields may drop further if the central bank continues with the push to reign in on money supply.

But…we also know that the frequent exchange rate volatility is a major disincentive for naira investments.

  • Some investors have stopped investing in naira-denominated assets because of the risk of value accretion.
  • However, we do note that most people still have naira commitments, and having a diverse portfolio of assets is ultimately better.
  • Also important to note that income from FGN Savings is tax-free. 

Follow us for Breaking News and Market Intelligence.
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer
Fixed Income

DMO allots N4.01 billion in FGN Savings Bonds for June 2025  

June 18, 2025
Global mortality of children under-5 drops to 4.9 million, progress remains slow- UN Report 
Health

UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report

June 18, 2025
NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 
Sectors

NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 

June 18, 2025
Top 10 most affordable states to live in Nigeria – May 2025 ranking  
Economy

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

June 18, 2025
Visa appoints Aminata Kane as Head of Western and Central Africa 
Companies

Visa appoints Aminata Kane as Head of Western and Central Africa 

June 18, 2025
Cybersecurity risks in registrar services: protecting investor data 
Companies

Cybersecurity risks in registrar services: protecting investor data 

June 18, 2025
Next Post
Coronation Merchant Bank named Nigeria’s Investment Bank of the Year 2022

Coronation Merchant Bank named Nigeria’s Investment Bank of the Year 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • DMO allots N4.01 billion in FGN Savings Bonds for June 2025  
  • UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report
  • NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 

Follow us on social media:

Recent News

FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer

DMO allots N4.01 billion in FGN Savings Bonds for June 2025  

June 18, 2025
Global mortality of children under-5 drops to 4.9 million, progress remains slow- UN Report 

UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report

June 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics