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Nairaland Forum / Nairaland / General / Investment / FGN Savings Bond (46131 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: 12:28am On Jul 16, 2019 |
The interest is paid every quarter (i.e. every 3 months) into your bank account. At the end of the duration of the bond (i.e. the tenor), you are paid the initial amount you put in. For example, if you subscribe with 1,000,000 Naira for 3 years and the interest rate is 12%, you will be paid 30,000 every three months (=12% of 1,000,000 = 120,000 Naira every year). Note there are no charges - no VAT, no capital gains tax, no withholding tax - on the interest you are paid. There are also no charges to pay to your stockbroker or the Federal Government in order to subscribe to the FGN Savings Bond. Lessonnn: |
Re: FGN Savings Bond by Lessonnn: 12:52am On Jul 16, 2019 |
Kolping: Thank you. |
Re: FGN Savings Bond by IHelp: 11:53am On Jul 16, 2019 |
kryptem: FGN savings bond has a minimum of 5k. You can read previous posts to see the list of accredited brokers. |
Re: FGN Savings Bond by Kenni700(m): 8:32am On Jul 17, 2019 |
Hi Nigerians. I produce teaching aids commercial in semi-large quantities. If you are looking for a good place to invest,please invest in my business. My business is in need of investment and funding. I have 7 different products,my acct statement has done a turn over of about 5m this year and the statement is verifiable as well. I need working capital in preparation to first term book supplies to schools. Over 80 schools are using my teaching aids. My business is registered. Please invest in this one that has market prospects and potentials and not in some get rich-quick-scheme or ponzi. Whatsapp me on 08056949842 and I will show you my products and my mini factory. Proudly Naija! I have a collateral if you want to invest BTW 1m to 1.5m. Sorry if this is not the right thread for this post. Warm regards. Kenni700
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Re: FGN Savings Bond by Nobody: 5:23am On Aug 03, 2019 |
How market bosses them |
Re: FGN Savings Bond by Biritiko: 6:13am On Aug 03, 2019 |
Barrytone:Which market ? Lol |
Re: FGN Savings Bond by Nobody: 8:08am On Aug 03, 2019 |
Biritiko: Bond market |
Re: FGN Savings Bond by Kolping: 6:16pm On Aug 05, 2019 |
August 2019 Offer Rate 2-year: 10.301% per annum 3-year: 11.301% per annum 3 Likes
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Re: FGN Savings Bond by Biritiko: 6:27pm On Aug 05, 2019 |
Kolping:Why is this rate like this na |
Re: FGN Savings Bond by Kolping: 7:03pm On Aug 05, 2019 |
Re: FGN Savings Bond by Kolping: 7:30pm On Aug 07, 2019 |
FG’s savings bond recorded N13.4billion investment – DMO By Amaka Obioji - August 7, 20190 Nairametrics https://nairametrics.com/2019/08/07/fgs-savings-bond-recorded-n13-4billion-investment-dmo/ The Debt Management Office (DMO) said on Tuesday the Federal Government’s savings bond recorded N13.44 billion investment since its establishment in March 2017. In a data presented at the Retail Bond Workshop at the Nigerian Stock Exchange (NSE) in Lagos, 431 corporate firms invested N1.75 billion, while 15,822 individuals invested N11.75 billion, totaling N13.44 billion investment. The Head of Market department at DMO, Monday Usiade, said individuals’ investments constituted 87.06% of the total investment. He said the figures are not satisfactory and as a result, the DMO must devise ways to get more people to invest in the bond. Usiade, who was represented at the event by one Ms. Bose Olafisoye, noted that geographical breakdown of the investors revealed the following: South West (77%), FCT 8%),South-south (8%), South East (4%),foreign investors (4%), North East (3%) and North Central (3%) On the investors’ distribution on state-to-state basis, the DMO official said Jigawa and Yobe recorded zero subscription, while Lagos, Federal Capital Territory, Oyo, and Ogun contributed 75.54% of the total investment. He said: “11 distribution agents have not remitted any amount to the DMO from inception. Such agents that are yet to submit subscriptions in all the auctions as well as other DAs with marginal returns till the end of the year may be de-registered. “Given the analysis of the performance of the DAs, there is a need for them to improve on their performance in order to meet stated objectives.” |
Re: FGN Savings Bond by kryptem: 7:22pm On Aug 14, 2019 |
Biritiko:They have removed the attractiveness. Hmmm... |
Re: FGN Savings Bond by IHelp: 12:02pm On Sep 02, 2019 |
September 2019 Offer Rate 2-year: 11.150% per annum 3-year: 12.150% per annum 1 Like
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Re: FGN Savings Bond by DaBogu: 2:47pm On Sep 13, 2019 |
Kolping:Wow am doing this with 100k |
Re: FGN Savings Bond by Kolping: 9:26pm On Sep 13, 2019 |
Re: FGN Savings Bond by DaBogu: 9:29am On Sep 16, 2019 |
![]() Kolping: |
Re: FGN Savings Bond by Kolping: 4:41pm On Oct 07, 2019 |
October 2019 Offer Rate 2-year: 11.244% per annum 3-year: 12.244% per annum 2 Likes
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Re: FGN Savings Bond by decargne: 5:41pm On Oct 07, 2019 |
. |
Re: FGN Savings Bond by Kolping: 9:38pm On Oct 07, 2019 |
I would say that any FG Bond with an interest rate above the current inflation rate is ok. decargne: |
Re: FGN Savings Bond by dapotemi: 10:43pm On Oct 07, 2019 |
Kolping: Pls, am interested in this, I want to start with 1m, how does it work. What will I get, let say every 3 month. Kindly help break it down. It's my first time. |
Re: FGN Savings Bond by Kolping: 1:47am On Oct 08, 2019 |
if you subscribe with 1,000,000 Naira for 3 years and the interest rate is 12%, you will be paid 30,000 every three months (=12% of 1,000,000 = 120,000 Naira every year). dapotemi: |
Re: FGN Savings Bond by decargne: 1:47pm On Oct 08, 2019 |
Kolping: thanks alot |
Re: FGN Savings Bond by titilope07: 2:55pm On Oct 09, 2019 |
Thanks for the update I just completed my registration Kolping: |
Re: FGN Savings Bond by Askedi(m): 3:47pm On Oct 09, 2019 |
titilope07: please I don't have a stockbroker account how did you go about it. |
Re: FGN Savings Bond by titilope07: 4:11pm On Oct 09, 2019 |
Go to stanbic ibtc branch they will gives you form to fill,the form look like Askedi:
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Re: FGN Savings Bond by Kolping: 6:02pm On Oct 09, 2019 |
1 Like |
Re: FGN Savings Bond by Sukueponmalu: 9:06pm On Oct 14, 2019 |
_ |
Re: FGN Savings Bond by Cheffy911: 6:10pm On Oct 17, 2019 |
Hello house, First time subscribing to fgn saving bonds (Oct offer) When should I expect the msg and how can I monitor my subscription. |
Re: FGN Savings Bond by Sukueponmalu: 6:14pm On Oct 17, 2019 |
Cheffy911:you “might” get a message anytime after settlement date. You can monitor your subscription on CSCS website by paying N2500 per annum to CSCS . |
Re: FGN Savings Bond by Kolping: 10:23pm On Oct 17, 2019 |
Ensure you obtain your National Identification Number (NIN). The law requires it for (j) acquisition, sale or transfer or transmission of shares or equities and other financial instruments ; https://www.nairaland.com/5478442/candidates-2020-jamb-register-national#83234336 |
Re: FGN Savings Bond by Cheffy911: 7:32pm On Oct 20, 2019 |
Sukueponmalu: Thank you |
Re: FGN Savings Bond by Sukueponmalu: 7:40pm On Oct 20, 2019 |
Cheffy911:Welcome to the club. |
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