charleff512:
How can one buy?

presidency:
FGN Savings Bond
Another offer period for FGN Savings Bond is here- from June 5- 9, 2017.
Subscription starts from #5,000.
Contact your stockbroker.

JohnieWalker12:
Save our soldiers first

TPAND:
This DMO bond is not in the interest of Nigerians.

Take this analogy, I invest 500,000 then wait for 1years to collect 56,000.
Thats a stupid investment and use of money

dotun365:
You can look at it like that. but what are the alternatives. If you leave it in your bank account you only get less than 5%. The only sensible alternative is to buy into a money market fund which gives you access to T'bills which offer a higher rate. apart from the T'bills which other use of money do you suggest that's better??

lilreese:
How does the interest works?

Chukason1:
savings is for people that has money abi

BoboKush:

Make I kukuma Goan play MMM with the money

exlinkleads:
were are they going with this?


I know for sure that FG cannot do anything beneficial for its citizens.- They are like MTN and their customers


People should be careful ooo because na so stock exchange issue start.

GeneralOjukwu:
WOW...tie down 1 million naira for 3 years and be given N 141,890?

Abeg...i no do. Treasury bonds pay higher don't they?

Financial analysts in the house, please clarify!

GeneralOjukwu:
WOW...tie down 1 million naira for 3 years and be given N 141,890?

Abeg...i no do. Treasury bonds pay higher don't they?

Financial analysts in the house, please clarify!

megawax8:


Actually, its N141, 890 per annum. i.e a total of N425,670 in three years.

TPAND:
If i sell provisions with N500,000 in one year, i should make more than what you guys are offering. Tie my money down and i will wait for 1 full year to earn 13%. Get out og here with this offer

dotun365:

With regards to the interest, that 141,890(I don't know what % rate you used but I'll stick to your example) would be split into 4 and paid every quarter. and the 141,890 would be given to you every year for 3 years and at the end you get your 1 million back.

Yes Treasury bills(not bonds) pay higher but you are required to buy a minimum of N50 million to get access to it. the way around it would be to buy into a money market fund(e.g ARM MM fund, United Capital MM fund, Stanbic IBTC MM fund...etc). What these funds would do is gather money form different people and then with that volume they would be able to reach the minimum required to buy into treasury bills. they would also take their commission and other fees but it MAY still be higher than the savings bond rates.

megawax8:


You are getting it quite wrong. It is called a SAVINGS BOND. The FG never advised you to stop your business and invest all your money in the offer. They are simply offering you higher rates for the cash you have and keep idle in the bank.

The highest interest rate you can get from saving your money in a bank is 4.2% i think, you can get higher in a fixed deposit but then it depends on the amount you are bringing in and the duration.

In summary, it is really a good deal. Higher rates and low/next to no risk with the possibility of starting with as low as N5,000.

GeneralOjukwu:



Thanks so much for this. Been interested in such for a while. God bless.

Are treasury bills not more lucrative? Someone told me you get 17% per annum. PLEASE clarify

TPAND:
If i sell provisions with N500,000 in one year, i should make more than what you guys are offering. Tie my money down and i will wait for 1 full year to earn 13%. Get out og here with this offer

TPAND:
ooo i understand now. Can i withdraw or pull out my investment anytime

Mmadu111:
@ what rate and maturity ?

judecares1:
How can someone access dis bond? FG wants to control d volume of money in circulation

tolasosanya:
Interest must be Upfront or is it not ?

GeneralOjukwu:



Thanks so much for this. Been interested in such for a while. God bless.

Are treasury bills not more lucrative? Someone told me you get 17% per annum. PLEASE clarify

You mentioned fixed deposits in the comment below....which is best?

Max i can drop is 3 million...minimum 1 million

Costello559:
A better explanation will help... Pls enlighten us..

GeneralOjukwu:


God continue to increase your intelligence.

I used this. N1,000,000 taking the 3 year plan.

I am not business minded, prefer "safe" investments with low risks like this. Are you advising Treasury bonds over this?

Start-up might be 1-3 million. At least within 3 years, would get close to 1 milion if start-up capital is 3 million ?

megawax8:


It totally depends on the rates your bank gives you.

Rates for a one-year T-bills, from the last auction was at 18.7% and almost at the same figure at the secondary market.
Fixed deposit depends on your bank but it can never exceed the T-bills rate, so, i would be guessing between 7-12% with the capital mentioned.

The T-bills is better in my own view. Gives a higher value in terms of return and is backed by the full credit of the Federal Republic of Nigeria(i.e generally not risky).

churchkilo:
Any stock broker in the house pls