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Nairaland Forum / Nairaland / General / Investment / FGN Savings Bond (46120 Views)
FG's Savings Bond September Offer Closes 7th September / FGN Savings Bond / Federal Government To Sell N5,000 Savings Bond To Public (2) (3) (4)
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Re: FGN Savings Bond by Kolping: 11:50am On Nov 14, 2019 |
CBN Crashes Treasury Bills Rates To Single Digits - Business - Nairaland https://www.nairaland.com/5527618/cbn-crashes-treasury-bills-rates |
Re: FGN Savings Bond by isangjohnson: 12:28pm On Nov 29, 2019 |
Please someone should help me with this calculation. If somebody invest 7.5m for 3yrs fgn savings bond @ 14% for example and hold it to the maturity date, what will be his quarterly and annual interest? |
Re: FGN Savings Bond by fineguy11(m): 2:47pm On Nov 29, 2019 |
isangjohnson:why not invest that sum in LAPO mfb fixed deposit at a much higher rate,and shorter time. 3years is lengthy. I will offer you a lucrative rate for a shorter time. you can harvest the interest every month and re-fix the capital on a monthly basis. |
Re: FGN Savings Bond by isangjohnson: 2:55pm On Nov 29, 2019 |
He is planning to go into fgn savings bond. This is the one he is comfortable with 4 Likes |
Re: FGN Savings Bond by DaBogu: 3:23pm On Nov 29, 2019 |
Same way you calculate NT-Bills but you will be paid 4 times in a year isangjohnson: |
Re: FGN Savings Bond by U1(m): 9:53am On Dec 02, 2019 |
Good morning, everyone. I was hoping someone here could help clarify a couple of things regarding the Savings Bond. 1. I read that one has to subscribe through a stockbroker. May I have an idea of what that will entail cost-wise (fees et al)? 2. Is it at all possible to subscribe through a bank just like treasury bills? CC: Kolping and any one knowledgeable about this. Thanks in anticipation. |
Re: FGN Savings Bond by Kolping: 2:12pm On Dec 02, 2019 |
1. Yes, you must subscribe through a stockbroker that is recognized by the Debt Management Office. The list of stockbrokers can be foud on the DMO website. Regarding cost of registering with a stockbroker, it varies from stockbroker to stockbroker. You may have to check each one to find out their requirements. 2. No, you cannot subscribe through a commercial bank. I hope this answers your questions. U1: 2 Likes |
Re: FGN Savings Bond by U1(m): 3:44pm On Dec 02, 2019 |
Kolping: Thanks, sire. Your reply made things clearer. |
Re: FGN Savings Bond by Kolping: 6:55pm On Dec 02, 2019 |
December 2019 Offer Rate 2-year: 9.091 % per annum 3-year: 10.091 % per annum 4 Likes
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Re: FGN Savings Bond by Kolping: 6:56pm On Dec 02, 2019 |
Updated List of Stockbroking Firms Accredited by the DMO to Market and Distribute FGN Savings Bond cc: U1 1 Like
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Re: FGN Savings Bond by Sukueponmalu: 7:25pm On Dec 02, 2019 |
Re: FGN Savings Bond by U1(m): 8:14pm On Dec 02, 2019 |
Kolping: Thanks, sire. I already sent a message to Stanbic IBTC Brokers for more information about the process and fees. Waiting for feedback. |
Re: FGN Savings Bond by Sukueponmalu: 8:24pm On Dec 02, 2019 |
U1:There are no fees. I use StanbicIBTC STOCKBROCKERS |
Re: FGN Savings Bond by U1(m): 10:36pm On Dec 02, 2019 |
Sukueponmalu:Ok, thanks. |
Re: FGN Savings Bond by U1(m): 11:34pm On Dec 02, 2019 |
Sukueponmalu: Sir, please could you tell me how long it takes to get a CSCS number after registering? |
Re: FGN Savings Bond by Sukueponmalu: 11:35pm On Dec 02, 2019 |
U1:Should not be more than one day sir. Or two. |
Re: FGN Savings Bond by U1(m): 7:26am On Dec 03, 2019 |
Sukueponmalu:Thanks for the information. |
Re: FGN Savings Bond by DaBogu: 8:53am On Dec 03, 2019 |
This is the lowest rates since March 2017. Omo na wa o!!!!!!!!! 1 Like |
Re: FGN Savings Bond by isangjohnson: 1:24pm On Dec 04, 2019 |
Is the current rate 9.091% for 2yrs? Again, if 5m is logged in for this rate, yearly interest I'm assuming is #454,550 and quarterly interest is #113,637. Please someone should confirm this calculation for me. |
Re: FGN Savings Bond by isangjohnson: 1:32pm On Dec 04, 2019 |
I'm very familiar with the level of risk involved in Tb, which is very low. Please what is the level of risk involved in FGN Savings Bond? |
Re: FGN Savings Bond by IHelp: 1:49pm On Dec 04, 2019 |
isangjohnson: Yes 113,637.5 |
Re: FGN Savings Bond by IHelp: 1:51pm On Dec 04, 2019 |
isangjohnson: Same risk level. |
Re: FGN Savings Bond by isangjohnson: 2:31pm On Dec 04, 2019 |
Thank you. I've heard of Primary and Secondary Market in Fgn Bond but I've not heard of primary market in Fgn Savings Bond. Does it mean individuals are not allowed to bid for the primary market of Fgn Savings Bond and that is why it's not pronounced or it doesn't just exist at all? 1 Like |
Re: FGN Savings Bond by isangjohnson: 2:33pm On Dec 04, 2019 |
Again, is 10.091% rate of 3yrs investment for secondary market? |
Re: FGN Savings Bond by Kolping: 12:16am On Dec 05, 2019 |
Correct isangjohnson: |
Re: FGN Savings Bond by Kolping: 12:16am On Dec 05, 2019 |
Re: FGN Savings Bond by Kolping: 12:18am On Dec 05, 2019 |
You can't bid. The rate is fixed during the offer period. Once it is listed on the stock exchange you can then buy or sell. isangjohnson: |
Re: FGN Savings Bond by isangjohnson: 12:17pm On Dec 09, 2019 |
Thanks |
Re: FGN Savings Bond by ogunjyde2004(m): 1:54pm On Dec 09, 2019 |
Missing shares! Unclaimed Dividends! We can find it for you within a week. |
Re: FGN Savings Bond by isangjohnson: 9:19am On Dec 13, 2019 |
Please are we permitted to reinvest interest together with the principal in fgn savings bond? |
Re: FGN Savings Bond by Sukueponmalu: 4:25pm On Dec 13, 2019 |
isangjohnson:No. 1 Like |
Re: FGN Savings Bond by ctleurocollege: 12:05pm On Dec 14, 2019 |
Good morning gurus, if initial investment for 3 years FG savings bond is N500K, at an interest of 10% for 3 years, what is the projected annual profit to be made? 1 Like |
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