• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, June 2, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

DMO offers two additional bonds for subscription

Bonds

The Matters Press by The Matters Press
February 8, 2022
Reading Time: 1 min read
0
Nigeria floats $4bn Eurobonds

The Debt Management Office (DMO), has announced two Federal Government of Nigeria (FGN) bonds for subscription for the month of February, at N1000 per unit.

RELATED POSTS

CUPP goofs over President Tinubu’s 2027 endorsement by governors

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

Tinubu explains mission as he marks second year in office

In a statement on its website on Tuesday, the DMO explained that the first offer was a two-year FGN Savings Bond due on Feb. 16, 2024, with interest rate at 7.22 per cent per annum.

The second offer was a three-year FGN Savings Bond due on Feb. 16, 2025, with interest rate of 8.22 per cent per annum, it said.

According to DMO, opening date for both offers is Feb. 7, closing date is Feb. 16, while the settlement dates are May 16, Aug. 16, Nov. 16 and Feb. 16.

It explained that investors needed only N5,000 to subscribe, while the maximum amount for subscription is N50 million.

“It is N1000 per unit, subject to a minimum of N5000 and in multiples of N1000 thereafter, subject to a maximum of N50 million.

“It qualifies as securities in which trustees can invest under the Trustee Investment Act.

“Also, it qualifies as government securities within the meaning of Company Income Tax Act and Personal Income Tax Act for tax exemption for pension funds amongst other investors.

“It is listed in the Nigerian Stock Exchange, and qualifies as a liquid asset for liquidity ratio calculation for banks,” the DMO stated.

It added that the bonds were backed by full faith and credit of the FGN and charged upon the general assets of Nigeria.

Tags: Bonds
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

Tinubu explains mission as he marks second year in office

May 29, 2025
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Next Post
TETFUND receives N189bn as education tax in 2021

TETFUND receives N189bn as education tax in 2021

Nigeria loses $25b to foreign ship owners

22 ships discharge goods in Lagos

Recommended Stories

Trading in Nigerian stock market dips further N83bn

Stock market records boost, investors gain N510bn, highest in 15 years

August 30, 2023
Nigeria flays slow pace of work in Ogoni clean-up

Nigeria flays slow pace of work in Ogoni clean-up

June 4, 2020
NUPRC defies Buhari, sale of ExxonMobil to Seplat on hold

Nigeria eyes 4m per barrel daily oil production by 2030 following approval of Seplat, Mobil deal

October 25, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • CUPP goofs over President Tinubu’s 2027 endorsement by governors
  • Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling
  • Tinubu explains mission as he marks second year in office

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us