Business
Federal Government Offers New Tax-Free Savings Bonds with Up to 18.23% Annual Returns

The Nigerian government, through the Debt Management Office (DMO), has introduced two new savings bond offers designed to attract individual and institutional investors while providing tax-free returns.
The first offer is a two-year bond with an annual interest rate of 17.23 percent, set to mature in January 2027.
The second is a three-year bond offering a slightly higher interest rate of 18.23 percent per year, with maturity in January 2028.
According to DMO’s notice, these bonds have unique advantages. Both are tax-free under Nigerian tax laws, meaning investors won’t pay personal or corporate taxes on the returns.
They are also open to large-scale investors, including pension funds and trustees, making them suitable for individuals and institutions alike.
The bonds are affordable, with each unit priced at N1,000. The minimum purchase is N5,000, while the maximum investment is capped at N50 million.
These savings bonds are backed by the Federal Government of Nigeria, which guarantees both the repayment of the principal and the interest.
Business
Ecobank Announces $250M Capital Boost at Annual General Meeting in Togo

Ecobank Group is reportedly set to raise up to $250 million through an Additional Tier 1 (AT1) capital offering in order to strengthen the bank’s capital base.
This was revealed during the company’s annual general meeting held in Togo on the 29th of May, 2025. According to the meeting, the bank stated that the conversion price for the shares will be based on the higher of the prevailing exchange rate and the floor price of $0.02 per ordinary share.
The speaker stated “As we cast our eyes into the future and reimagine all possibilities—rising competition from banks, fintechs, and non-bank financial institutions, as well as factors such as geopolitics, regulations, and capital markets—we cannot afford complacency.”
Business
CBN Assures Nigerian Stakeholders of the Banking Sector Stability and Deposit Security

The Central Bank of Nigeria (CBN) recently assured stakeholders about the state of the banking sector in Nigeria, stating that the banking sector can still be trusted and is secure.
The assurance was shared in a statement signed by Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. In the statement, it was emphasized that stakeholders should disregard any negative news concerning the banking sector, as such reports are misleading.
The CBN also highlighted the security of the deposits entrusted to it, stating, “There is no reason for the public to worry about the security of their deposits.” The extent of the measures and security in place was also emphasized by the director in the statement.
Business
“Aliko Dangote is Nigeria’s Biggest Debtor” – Dr. Cosmos Maduka Claims

Nigerian Businessman Dr. Cosmos Maduka analyzes popular Billionaire, Aliko Dangote and describes him as the biggest debtor in Nigeria.
The businessman highlighted the fact that people who seem to have the most money are often the largest debtors.
“The number one debtor in Nigeria is Aliko Dangote. He’s the wealthiest man in Africa. The number one debtor in the world is the United States of America and you call them the richest in the world.”
“As you admire all of those things, it’s all credit. It’s all about credit. So you should leverage on loan, but you have to have a good structure that will support that loan.”
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