…dropping from N1.73tn in June 2025 to N1.22tn in June 2026, a 29.81 per cent reduction. FGN Savings Bonds, by contrast, rose 33.78 per cent from N91.53bn to N122.45bn, although they still represented just 0.14 per cent of domestic Federal Government debt. Loans hit $20.73bn The DMO figures further show why the proposed…

…7, 2026, while settlement is scheduled for August 12, 2026.The DMO has launched two new FGN Savings Bonds priced at N1,000 per unit Photo: DMOImagesThe first offer is a two-year FGN Savings Bond due August 12, 2028, with an annual interest rate of 13.963%. The second is a three-year FGN Savings Bond maturing on August…

…to be made November 12, February 12, May 12, and August 12. On the status of the FGN savings bonds, DMO explained: “ It qualifies as securities in which trustees can invest under the Trustee Investment Act. “Qualifies as Government securities within the meaning of Company Income Tax Act, (“CITA”) and Personal Income Ta…