The Debt Management Office (DMO) has opened subscription for March 2025 bond with an attractive interest rate of 17.635% per annum. The subscription window opened on Monday, March 4, 2025, and will close on Friday, March 7, 2025.
The new bond is offered at N1,000 per unit, subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter. Also, the maximum subscription limit is N50,000,000.
Interested investors can purchase the savings bonds through stockbroking firms accredited by the DMO. These firms act as intermediaries between investors and the Nigerian Stock Exchange (NGX), where the bonds are listed for trading.
To invest, you must contact your stockbroker before the March 7, 2025 deadline to complete the subscription process.
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FGN savings bonds are designed to encourage retail investors to participate in the bond market while providing a secure investment backed by the Federal Government of Nigeria.
With interest rates of up to 17.635%, the bonds offer higher returns compared to traditional fixed deposits and savings accounts. Also, investors receive quarterly interest payments, making it a viable option for those looking to generate passive income.
With inflation concerns and fluctuating interest rates in traditional savings instruments, government bonds provide a stable and predictable return on investment.
