WATCH THE VIDEO HERE The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching as high as 18.046% per annum. According to the announcement made by the DMO, the 2-year FGN Savings Bond will be issued at 17.046% per annum, while the 3-year FGN Savings Bond will be issued at 18.046% per annum. In March 2024, the DMO raised about N2.9 billion worth of Savings Bonds at a rate of 15.097% and 16.097% for the 2-year and 3-year bonds respectively. In February 2024, N2.43 billion worth of Savings bonds were issued at 12.751% and 13.751% for the 2-year and 3-year bonds respectively. The decision to issue Savings Bonds at a rate of 18.046% mirrors the strategic direction pursued by both the Debt Management Office (DMO) and the Central Bank of Nigeria (CBN) in 2024, aimed at addressing burgeoning inflation.
DMO to issue April 2024 Savings Bonds at 18.046%
