Nigeria open di November savings bond offer on Monday, 2 November. As you dey look di two rates for di notice, first check how long you go lend government your money. Di two-year bond carry 13.25% interest per year. Di three-year own carry 14.25% per year. Dem go pay di interest small small at set times.
According to di terms wey Nairametrics and P.M. News report, application go close Friday, 6 November. Dem plan to settle di transaction on 11 November. Di two-year bond go mature on 11 November 2028 and di three-year one on 11 November 2029. Na when each one mature government suppose return di original money.
One unit cost ₦1,000, but person must apply for at least five units. So di smallest application na ₦5,000. After that, person fit add ₦1,000 at a time up to ₦50 million. Di offer allow person apply through stockbroking firms wey Debt Management Office appoint.
Four dates dey for di payment calendar, but di percentage na for one full year. If person put ₦100,000 for di two-year bond, 13.25% go give ₦13,250 for one full year, or ₦3,312.50 every three months. For di same ₦100,000 for di three-year own, na ₦14,250 per year or ₦3,562.50 every three months. Na only di stated rates we use calculate am.
For that ₦100,000, di difference na ₦250 every three months. With di higher rate, di date wey dem suppose return di original money dey one year later. Nigerian Exchange list di bonds. Our figures show interest wey dem schedule on top di original money. Dem no tell you di price person fit get if e sell before di bond mature.
Wetin e mean for you: di last day to apply and di day you suppose collect your original money no be di same. Compare di maturity date with when you plan to spend. Check di agent name for Debt Management Office list before you apply. You dey lend government money. You no dey buy share for company.