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Nairaland Forum / Nairaland / General / Investment / FGN Savings Bond (10913 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)
Re: FGN Savings Bond by megawax8: 11:30am On Jun 07, 2017 |
GeneralOjukwu: You're welcome. *also read the modified part in the text you quoted* |
Re: FGN Savings Bond by hannne(f): 11:30am On Jun 07, 2017 |
ogobaby23:. You invest as low as 5000 through a stockbroker and your interest is paid quarterly. although the interest stated is yearly figure. your interest will be prorated for the first 3month. E.g. you invest N100,000 and the interest rate is 13.189%. it means in a year, your total interest will be N13,189. so for the first quarter,federal govt will pay you.N13,189/4 is N3297.25. Thats how it works but you can only access them through a licensed stockbroker. Contact us Cowry asset Management Limited. |
Re: FGN Savings Bond by GeneralOjukwu: 11:34am On Jun 07, 2017 |
megawax8: WOW!. I greatly appreciate this Megawax. Just checked the modification. One can apply for treasury bills through a bank, right? If it's as high as 18.7%...that's great! Would definitely invest soon. Must one buy January or you can buy at any time in the year? |
Re: FGN Savings Bond by sanerugwei: 11:50am On Jun 07, 2017 |
GeneralOjukwu: You can buy at any time from the secondary market offerings from any of the banks. The banks with the best rates so far are IBTC, 1st Bank and then GTB hovers around 18.1% per annum. For primary market it is done bi-weekly, no need to wait unless you have 50M and above to directly invest in primary auction. Otherwise walk into any of the banks and ask for secondary auction for FG/CBN treasury bills. Note: The higher the tenure the better the returns, plus you can liquidate at any time too. 1 Like |
Re: FGN Savings Bond by JohnieWalker12(m): 11:53am On Jun 07, 2017 |
whitebeard: It's not all the time troops move via land. They get airborne as well. |
Re: FGN Savings Bond by megawax8: 12:04pm On Jun 07, 2017 |
sanerugwei: Thanks. cc GeneralOjukwu |
Re: FGN Savings Bond by dominique(f): 12:04pm On Jun 07, 2017 |
The intersect rate is still better than fixed deposit. |
Re: FGN Savings Bond by whitebeard(m): 12:04pm On Jun 07, 2017 |
JohnieWalker12:kk |
Re: FGN Savings Bond by ogobaby23(f): 12:05pm On Jun 07, 2017 |
hannne: Thanks for the info |
Re: FGN Savings Bond by churchkilo(m): 12:08pm On Jun 07, 2017 |
hannne:yea just want to know what you think about this bond, how interest is calculated and just anything that can help one make a good decision on this |
Re: FGN Savings Bond by bigtt76(f): 1:10pm On Jun 07, 2017 |
Treasury bills is higher in yields but for now the FG has stopped people with less than 50 Million Naira from purchasing it. That is why the FGN Savings Bond was incorporated. GeneralOjukwu: |
Re: FGN Savings Bond by Dollabiz: 1:28pm On Jun 07, 2017 |
O |
Re: FGN Savings Bond by judecares1(m): 1:54pm On Jun 07, 2017 |
Tanks boss but can someone access 4m Nigeria stock exchange? hannne: |
Re: FGN Savings Bond by hannne(f): 2:02pm On Jun 07, 2017 |
judecares1: 1 Like |
Re: FGN Savings Bond by BoboKush(m): 2:36pm On Jun 07, 2017 |
Misterpaul:Once the bonus is ntn to write abt what the point.... 1-3years and u only get token as bonus. .. or what the % if I may ask |
Re: FGN Savings Bond by sanerugwei: 5:15pm On Jun 07, 2017 |
BoboKush: So 14% to 18.5% for FGN Savings bond to CBN NTB at near zero risks is nothing to you? These rates are reflective of the current inflationary rates and its really not good for the economy and most importantly the citizenry, to have doube digit inflation rates. This one no be MMM o... Let me come and be going...
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Re: FGN Savings Bond by FakoMaybach1: 6:07pm On Jun 07, 2017 |
hannne: Please forward me your mail lets communicate further, abeg -Maybach $$ |
Re: FGN Savings Bond by hannne(f): 9:30pm On Jun 07, 2017 |
FakoMaybach1:hagbai@cowryasset.com or agbaih@gmail.com 1 Like |
Re: FGN Savings Bond by spartacus11(m): 10:35am On Jun 08, 2017 |
hannne:i want to buy, can you contact me for details |
Re: FGN Savings Bond by hannne(f): 11:06am On Jun 08, 2017 |
spartacus11:What is your email address. or you can contact me on hagbai@cowryasset.com |
Re: FGN Savings Bond by spartacus11(m): 11:11am On Jun 08, 2017 |
hannne:will send u a mail now |
Re: FGN Savings Bond by spartacus11(m): 11:17am On Jun 08, 2017 |
hannne:i just sent you a mail, please respond |
Re: FGN Savings Bond by BoboKush(m): 8:02am On Jun 16, 2017 |
sanerugwei: ![]() ![]() ![]() ![]() |
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