DMO announces FG Savings Bond for March 2023

The Debt Management Office has announced that the Federal Government of Nigeria has is offering for subscription the March, 2023 FGN Bond at the following interest rates:-
2-Year FGN Savings Bond due March 15th, 2025 @ 9.465% per annum
3-Year FGN Savings Bond due March 15th, 2026 @ 10.465% per annum
The rational of the Savings Bond issuance is to deepen the national savings culture, diversify funding sources for the government and establish a benchmark for other issuers of bonds in the country. It offers guaranteed returns and financial inclusion that enables individuals to enjoy those benefits which accrue to big investors in the capital market.
This will encourage the public, especially low income earners to save, invest and earn commensurate returns on their investments.

According to Debt Management Office (DMO). The timeline for the subscription can be found below:
Opening Date – March 6th, 2023
Closing Date –   March 10th, 2023

Coupon Payment Date – June 15, September 15, December 15, March 15.

Source: DMO announces FG Savings Bond for March 2023 – StocksWatch (

Related Posts


Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed:[…]