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Nigeria Opens Subscription for Savings Bonds with High Coupon Rates

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Two-year and three-year bonds offer 17.373% and 18.373% returns per annum
  • High yields aimed at attracting investors amid elevated interest rates

Lagos, Nigeria – The Nigerian government opened subscriptions on Monday for its latest Savings Bonds, offering two-year and three-year tenors with coupon rates of 17.373% and 18.373% per annum, respectively, according to the Debt Management Office (DMO). The subscription window closes on Friday, August 16, 2024.

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