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408 savings bond subscribers get N324.4 million in August - DMO

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The Debt Management Office (DMO) says N324.4 million was allotted to 408 subscribers during its sale of savings bond in August.

) says N324.4 million was allotted to 408 subscribers during its sale of savings bond in August.

The bond issuance is part of the federal government’s programme targeted at the lower income earners to encourage savings and also earn more income , compared to their savings accounts with banks.AdvertisementInterests are to be paid at regular periods and principal repaid at maturity.

 

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