• 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 Markets

DMO announces first FGN savings bond offers in 2023

Cees Harmon by Cees Harmon
January 2, 2023
in Markets, Securities
DMO receives N45 billion FGN savings bond subscription, unveils portal for subscription
Share on FacebookShare on TwitterShare on Linkedin

The Debt Management Office (DMO) has announced two Federal Government of Nigeria (FGN) savings bonds for subscription, its first bond issuance for 2023.

The announcement was made on Monday, January 2, according to a statement seen by Nairametrics.

Details of the offers: According to the statement, one is a two-year FGN savings bond due on January 11, 2025, at the interest rate of 9.600% per annum.

RelatedStories

Mergers and Acquisitions, Fitch Ratings

Fitch projects growth in Nigeria’s non-interest finance, Sukuk issuance through 2026 despite market hurdles

June 5, 2025
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 opens subscription for June 2025 FGN savings bonds with interest rates up to 17.121% 

June 2, 2025

The other is a three-year FGN savings bond due on January 11, 2026, at the interest rate of 10.600% per annum.

The DMO said the opening date would be January 3, the closing date would be January 6, and the settlement date, be January 11, while coupon payment dates would be April 11, July 11, October 11 and January 11, 2024.

  • “They are offered at 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 million.
  • “Interest is payable quarterly while bullet repayment (principal sum) is on maturity,” the statement added.

The DMO said that FGN savings bonds qualified as securities in which trustees could invest under the Trustee Investment Act.

  • “They also qualify as government securities within the meaning of Company Income Tax Act (CITA) and Personal Income Tax Act (PITA) for tax exemption for pension funds.
  • “They are listed on the Nigerian Stock Exchange Limited and qualify as liquid asset for liquidity ratio calculation for banks,” it said.

It noted that the bonds were backed by the full faith and credit of the FGN and charged upon the general assets of the country.


Follow us for Breaking News and Market Intelligence.
Tags: Debt Management OfficeDMO
Cees Harmon

Cees Harmon

Related Posts

Mergers and Acquisitions, Fitch Ratings
Economy

Fitch projects growth in Nigeria’s non-interest finance, Sukuk issuance through 2026 despite market hurdles

June 5, 2025
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 opens subscription for June 2025 FGN savings bonds with interest rates up to 17.121% 

June 2, 2025
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

FG plans to raise N300 billion from FGN bond market in May 

May 22, 2025
FGN Bonds, FG lists N296 billion savings bonds on NSE, Investment Alert: The FGN Savings Bond is now open for subscription
Fixed Income

DMO allots over N4.28 billion in FGN Savings Bonds for May 2025 

May 17, 2025
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 offers N300 billion 7-year Ijarah Sukuk at 19.75% to fund road infrastructure in Nigeria 

May 12, 2025
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 offers May 2025 FGN Savings Bond at interest rates up to 17.173% 

May 5, 2025
Next Post
Inside story of Burna Boy’s frustrating New Year day 'Lagos Loves Damini' concert

Inside story of Burna Boy’s frustrating New Year day 'Lagos Loves Damini' concert

Comments 4

  1. Augustine Obotat obo says:
    January 2, 2023 at 6:19 pm

    We are interested please oh

    Reply
  2. Agwada kingson says:
    January 3, 2023 at 12:10 am

    How do I invest in FGN savings bond?

    Reply
  3. Eugene Egbuna says:
    January 3, 2023 at 2:28 pm

    There seems to be no transparency in the bonds issuance by the DMO. I asked them a simple question about what I should receive at date of maturity following my subscription to one of the bonds which has lost three quarters of the original value at capital market. There was no response and it caused me some fear and confusion with regard to my investments.

    The bonds are loans which should be paid back at date of maturity. It should not be subjected to fluctuations in the capital market. Thanks

    Reply
    • BJ ADU says:
      January 17, 2023 at 8:19 pm

      YOUR DIVIDEND IS PAID QUARTERLY AND YOUR CAPITAL REMAINED UNCHANGED NO MATTER THE FLUCTUATION OF MARKET

      Reply

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

  • Democracy Day: Tinubu confers 139 National Honours for “outstanding contributions of heroes” 
  • China grants duty-free access to all African countries amid shifting global trade dynamics 
  • Meet Arnold Ekpe, new Chairman of Dangote Sugar 

Follow us on social media:

Recent News

No regret removing fuel subsidy, says President Tinubu

Democracy Day: Tinubu confers 139 National Honours for “outstanding contributions of heroes” 

June 12, 2025
China’s wobbly economy: Implications for Nigeria’s next president

China grants duty-free access to all African countries amid shifting global trade dynamics 

June 12, 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