Search

Nigeria Launches High-Yield Savings Bonds Amid Inflation and Rising Interest Rates

Lagos, Nigeria. © Pixabay
  • Government targets retail investors with competitive savings bond rates of up to 18.443%
  • High interest rates strain the private sector, with lending costs climbing to 40% in some cases

Lagos, Nigeria – The Nigerian government has rolled out its November Savings Bonds, presenting retail investors with a chance to lock in competitive returns. The two-year bond, offering 17.44%, matures on November 13, 2026, while the three-year option, at an impressive 18.443%, is due on November 13, 2027. Both bonds come with quarterly coupon payments—scheduled for February 13, May 13, August 13, and November 13—ensuring regular income for investors.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Gold mine. Photo by István Mihály @ Pixabay
Is JPMorgan chasing Nigeria’s minerals? Banking strategy raises questions
Read More »
A vibrant market scene in Accra, Ghana. Photo by Zeal Creative Studios @Pexels
Can Ghana keep borrowing cheap? Investor demand softens
Read More »
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Can Arc Minerals deliver? Africa’s copper ambitions face funding test
Read More »

Recent Politics

Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »
A rusted tank at a war zone. Photo by Alen Bešlija @Pexels
Sudan’s drone war kills hundreds. Can diplomacy prevail?
Read More »
Abiy Ahmed Ali, Prime Minister of Ethiopia. Photo @Abiy Ahmed Ali/X
Could Ethiopia’s Eritrea crisis derail its debt recovery?
Read More »

Latest Posts

Latest news insights