The Federal Government is introducing two new Savings Bonds through the Debt Management Office (DMO). The first bond is a two-year option that offers an annual interest rate of 17.23%, maturing in January 2027. The second bond is a three-year option with an annual interest rate of 18.23%, maturing in January 2028. 

These bonds are considered secure investments as they are guaranteed by the Federal Government, which commits to repaying the principal amount. According to the DMO, the purchasing window for these bonds will be open from January 13 to January 17, 2025.

The official issuance of the bonds will take place on January 22, 2025, with interest payments made quarterly in April, July, October, and January.

Notably, these bonds come with advantageous features, including tax exemptions under both corporate and personal tax regulations. They are available for purchase by large investors, such as pension funds and trustees. 

Each bond is priced at N1,000, with a minimum purchase requirement of N5,000 and a maximum limit of N50,000,000. Previously, the DMO announced the government's plan to issue three bonds totaling N150 billion in September.