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

Farm produce being exported. Photo by Shelley Pauls @ Unsplash
How Rwanda became East Africa’s export star with a 96% surge
Read More »
Cryptocurrency now legal in Ghana. Photo by Michael Förtsch @ Unsplash
World’s largest digital dollar USDC expands into Africa to reshape payments
Read More »
A muddy road in DR Congo. Photo by Dieuvain Musaghi @ Unsplash
Can debt-for-nature swaps unlock Africa’s financing gap amid rising borrowing costs?
Read More »

Recent Politics

A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »

Latest Posts

Latest news insights