Search

Interest on Nigerian Savings Bonds Soars as Monetary Policy Tightens

Allen dreyfus Logo
© Allen Dreyfus
  • Interest rates on Nigerian savings bonds have surged more than sevenfold in four years
  • Current offers stand at 17.414% for two-year bonds and 18.414% for three-year bonds

 

Lagos, Nigeria – Interest paid on Nigerian savings bonds has dramatically increased over the past four years, with rates rising more than sevenfold in some cases, according to data from the Debt Management Office.

Recent Business

Oil rig. Photo @ Pixabay
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Read More »
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights