The Federal Government, via the Debt Management Office, has opened subscriptions for December’s Savings Bonds. Two tranches are available: a two-year bond at 12.838% and a three-year bond at 13.839% annually.
Offered at N1,000 per unit, with a N5,000 minimum, these bonds are backed by government credit. They qualify for tax exemptions for pension funds and are listed on the Nigerian Exchange Ltd.