FGN SAVINGS BOND (AUGUST 2023)

We are offering for subscription the FGN Savings Bond offer for August 2023 as contained in the Circular below.

Offer opens today and closes Friday, August 11, 2023

With as low as N5,000, you can invest. Contact your stockbroker for more details.

FGN Savings Bond Offer

2yr pays 9.63% every year
3yr pays 10.63% every year

It's paid every 3 months.

It's for investors that want to earn a "risk free" guaranteed income. It won't beat inflation, it won't grow your principal.

If your interested speak to your banker or stock broker.

DMO offers 2 new FGN savings bonds for subscription

The Debt Management Office (DMO) on Monday announced an offer of two fresh Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit.

According to the DMO, the first offer is a two-year FGN savings bond due on August 16, 2025, at an interest rate of 9.634 percent per annum.

“The second offer is a three-year FGN Savings Bond due on Aug. 16, 2026, at 10.634 per cent interest rate per annum.

“The offer is subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.

“Opening date is August 7, closing date is August 11, the settlement date is August 16, and coupon payment dates are November 16, February 16, May 16 and August 16.’’

According to the DMO, interest is payable quarterly while bullet repayment (principal sum) is on the maturity date.

It stated that FGN savings bond 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 and Personal Income Tax Act for tax exemption for pension funds amongst other investors.

“Qualifies as a liquid asset for liquidity ratio calculation for banks,” it said.

It added that the FGN saving bond which is on the Nigerian Exchange Limited is backed by the full faith and credit of the FGN, and charged upon the general assets of Nigeria.

Daniel058:
That's very good!

1m give birth to 9.5m


Chai 9% ROI

Daniel058:
That's very good!

1m give birth to 9.5m


Chai 9% ROI

Daniel058:



Chai 9.63% ROI . So if I buy one unit I will be making #96.30 at the end of 1 year

yusfatedeeprof:

how is 9% of 1m 9.5m?

Tonytonex:
Please someone should explain it to me.
If I invest like 10k. How much will I get after the said years?

Itzurboi:
School nah scam

PeterObi4LP:
The last one I bought and that of MTN share is still running. investment is BAE