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

Morocco @ Pexels
Morocco inflation falls to 0.1% as food prices slide sharply in October
Read More »
A sale label in the shop. Photo by Dmitrii E. @ Unsplash
South Africa retail surges 3.6% in Q3 as durable goods drive recovery
Read More »
Delegates at the G20 Summit in South Africa. Photo @ G20 South Africa Flickr
G20 in a changing world: is it still useful?
Read More »

Recent Politics

Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Samia’s family picks ignite Tanzania nepotism storm
Read More »
Delegates at the G20 Summit in South Africa. Photo @ G20 South Africa Flickr
G20 in a changing world: is it still useful?
Read More »
South Africa President Cyril Ramaphosa. Photo: G20 Summit Flickr
“We’ll not be bullied” - Ramaphosa defies US boycott at G20 Summit
Read More »

Latest Posts

Latest news insights