BusinessDay
Nigeria's leading finance and market intelligence news report.

FG cuts Savings Bond rates to record low on strong retail appetite

The Nigerian government has cut the interest rates on its Savings Bonds to the lowest levels on record to take advantage of strong investor appetite amid negative real returns on its short-term debt securities to borrow cheaper. The interest rates on the two-year and three-year FGN savings bonds were lowered to 9.091 percent and 10.091…

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