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.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
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