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

A section of Malian nationals. Photo by Bob Brewer @ Unsplash
Moody’s forecasts 4.9% growth in Mali despite fuel crisis
Read More »
The busy street of Kwame Nkrumah Circle, Accra, Ghana @ Pixabay
Ghana treasury bills rebound as demand surges 38%
Read More »
Mozambique Photo: @ Unsplash
Mozambique slips deeper into recession as GDP contracts 0.85% in Q3
Read More »

Recent Politics

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 »
Ghana President John Mahama. Photo courtesy: Office of the President/Facebook
Ghana’s $1.1bn presidential jet plan reignites debate over cost and priorities
Read More »

Latest Posts

Latest news insights