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DMO Opens FG Savings Bond Subscription At 18.06%

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The Debt Management Office has opened subscriptions for two Federal Government’s savings bonds, each priced at N1,000 per unit at 17.06 and 18.046 per cent, respectively.

It disclosed this in a statement accessed on its website by PUNCH on Wednesday.

The DMO offered a two-year savings bond expected to mature on April 9, 2026, at 17.046 per cent per year.

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This bond is designed for retail investors and offers guaranteed quarterly interest payments along with repayment of the principal at maturity.

READ ALSO: Adeleke Lists New Retirement Age Conditions For Osun Teachers

The second is a three-year savings bond due to mature on April 9, 2027, at an interest rate of 18.046 per cent.

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Similar to the two-year bond, this option also provides quarterly interest payments and principal repayment.

DMO is a government agency established to centrally coordinate the management of Nigeria’s debt.

Investor interest in the FGN Savings Bond has been on the rise, with a 19.3 per cent Year-on-year increase in subscription value, reaching N17.9bn by the end of December 2023, largely due to favorable interest rates.

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READ ALSO: Top 10 Richest Women In The World 2024

These savings bonds, like all government securities, are backed by the full faith and credit of the federal government. They also qualify as securities under the Trustees Investment Act.

Additionally, they meet the criteria for tax exemption and are considered government securities according to the Company Income Tax Act and Personal Income Tax Act.

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The bonds are listed on the Nigerian Exchange Limited and serve as liquid assets for banks’ liquidity ratio calculations.

The subscription period for these bonds began on April 1, 2024, and it will close by April 5, 2024.

READ ALSO: UK Varsities To Layoff Workers, As Enrolment By Nigerians, Others

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The settlement date is April 9, 2024, while the coupon payment dates are as follows: Quarterly – July 9, October 9, January 9, and April 9.

The DMO noted that “the minimum subscription is N5,000, with multiples of N1,000 thereafter, up to a maximum of N50 million. Interest is paid quarterly, and the principal is repaid as a bullet payment upon maturity.”

Earlier, DMO initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for March 2024 with an interest rate of up to 16.097 per cent.

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This announcement was made in a statement on the DMO’s official website. The subscription period is set to last for five days, running from March 4 to March 8, 2024.

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AGILE Leads 200 Girls On Road Walk To Create Awareness In Bauchi

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The Adolescent Girls Initiative for Learning and Empowerment (AGILE), has commemorated the 2025 International Day of the Girl Child by leading 200 girls on a walk to the Bauchi State Government House.

The International Day of the Girl Child is an international observance day declared by the United Nations. The day is also called the Day of Girls and the International Day of the Girl.

The observation of the day supports more opportunities for girls and increases awareness of gender inequality faced by girls worldwide based upon their gender.

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Speaking shortly before leading the girls on the road walk, Hajiya Ladi Muhammad, the AGILE Project Coordinator in the state, said that since the inception of the project, more girls had been enrolled in schools.

READ ALSO: Bauchi Begins Production Of Exercise Books, Chalks For Schools

According to her, through AGILE, this year’s celebration could be emphasised by showcasing how education equips girls not only to navigate crises but to lead recovery and transformation within their communities.

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She explained that the celebration in Bauchi State has the objective of showcasing AGILE’s role in empowering girls through education, life skills, and inclusion programmes.

She added that it was also meant to promote inclusive education for all girls, including those out of school and girls with disabilities as well as demonstrate learning-to-lead pathways through digital literacy, life skills, and climate action initiatives.

“The celebration was further to strengthen engagement between girls, leaders, and policymakers through interactive dialogue.

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“Most importantly, it was to raise awareness of AGILE systems, Conditional Cash Transfer and Life Skills that sustain access to quality education and build resilience among girls and their communities.

READ ALSO:AGILE: Bauchi Govt. To Recruit 3,000 Teachers

“The celebration aligns that when girls are educated and empowered, they not only recognise their worth but also become active agents of change, leading responses, driving recovery and building resilience within their communities and beyond,” she said.

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Also speaking, Dr Mohammed Lawal the state’s Commissioner for Education, reiterated the state government’s commitment to girl child education and welfare.

He explained that the AGILE project has improved the enrolment of more girls into the schools across the state especially , through the conditional cash transfer system which he said, has mobilised more girls to access education.

Mohammed assured that the government would not fail in creating a conducive atmosphere for the girls to acquire education and attain their potential.

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Japan In Political Crisis As Coalition Collapses

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Japan’s ruling coalition collapsed Friday as junior partner Komeito quit the alliance, putting in peril Sanae Takaichi’s bid to become the country’s first woman prime minister.

Takaichi became head of the Liberal Democratic Party less than a week ago and had been expected to be approved by parliament as premier this month.

But Komeito’s decision to end the alliance that has governed Japan almost uninterrupted for 25 years plunged Japan into a new political crisis.

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The yen dropped against the dollar following the announcement, while the Nikkei closed down 1.0 per cent.

READ ALSO:Two Japanese Boxers Die From Brain Injuries At Same Event

“We want the LDP-Komeito coalition to go back to the drawing board for now and bring an end to our relationship,” Komeito party chief Tetsuo Saito told reporters after talks with the LDP.

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Given that we have not received clear and concrete cooperation from the LDP regarding our demands, and if these reforms prove impossible to achieve, I said (in the meeting) that it would be utterly impossible for us to write Sanae Takaichi’s name in the nomination,” he said.

In particular, Saito told Takaichi that her answers on the LDP’s recent slush fund scandal were unsatisfactory, media reports said.

Saito said, however, that Komeito would still support budget plans and other legislation that the two parties have prepared.

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READ ALSO:Two Japanese Boxers Die From Brain Injuries At Same Event

Takaichi was due to replace Shigeru Ishiba, who took the reins last year, but whose coalition lost its majority in both houses of parliament, in part because of voter anger at inflation and the LDP slush fund scandal.

Komeito was reportedly also unhappy about Takaichi’s more conservative politics.

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This includes her previous regular visits to the Yasukuni shrine honouring Japan’s war dead, including war criminals.

READ ALSO:Japan Plane Turns Back After Man Bites Cabin Attendant

The last visit to Yasukuni by a serving prime minister in 2013, by the late Shinzo Abe — Takaichi’s mentor — prompted fury from China and South Korea and disquiet from Washington.

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Media reports this week said that Takaichi might skip going to the shrine during the upcoming autumn festival, which will be held from October 17 to 19.

Takaichi, 64, whose hero is Margaret Thatcher, had hailed a “new era” Saturday after becoming head of the LDP.

She had won a runoff leadership contest against the telegenic and more socially progressive Shinjiro Koizumi.

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READ ALSO:Over 400 Earthquakes Rattle Japanese Island Chain

Koizumi, 44, would have been Japan’s youngest prime minister in the modern era and represented a generational change for the LDP.

The LDP has been haemorrhaging support as backing grows for smaller parties, including the anti-immigration Sanseito.

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If Takaichi becomes premier, she faces a host of complex issues, including an ageing population, geopolitical upheaval, a faltering economy and growing unease about immigration.

One of Takaichi’s first official duties as premier will be receiving US President Donald Trump, who is reportedly set to make a stopover in Japan in late October.

AFP

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BRC Sympathises With Edo NSCDC, Family, On Painful Death Of Commandant 

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Benin Recreation Club 1933 (BRC) has sympathised with Nigeria Security and Civil Defence Corps (NSCDC), Edo State Command, over the painful demise of the state commandant, Agun Gbenga Joseph.

In a statement issued by the club’s Public Relations Officer, Mr. Edoko Wilson Edoko, president of the club, Mr. Osayi Courage Osamuyi, described the death of commandant Gbenga as shocking and a painful loss to the security community and the state at large.

“The late Commandant’s death is indeed shocking and a painful loss. He was jovial, very accommodating, and an initiative-driven individual,” Mr. Osayi stated.

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READ ALSO:JUST IN: NSCDC Commandant, Slumps, Dies In Edo

I recall our Club’s visit to his office, where I led members of my Executive Committee to meet with him. We discussed areas of collaboration between Benin Recreation Club and the NSCDC, Edo State Command”, he said.

Osayi further urged the bereaved family and the NSCDC to draw strength from the late Commandant’s legacy of service, professionalism, and dedication to duty.

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He prayed that God grants them the fortitude to bear the irreplaceable loss.

Recall that the Commandant reportedly slumped and died on Thursday, 2nd October 2025, while delivering a goodwill message at an event organised by the International Association of World Peace Advocates held at the Bishop Kelly Pastoral Centre in Benin City.

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