The Federal Government of Nigeria Savings Bond (FGN Savings Bond) is a new retail investment instrument introduced by the Federal Government of Nigeria, through the Debt Management Office (DMO).
WHY THE FGNSAVINGSBOND WAS INTRODUCED
1.To promote the savings culture in Nigeria while giving retail investors the opportunity to earn income from a secure investment.
2.To provide an avenue for more Nigerians to participate in the capital market through an instrument accessible to all income groups.
3.As a means for diversifying the funding sources of the Government for National development.
WHAT ARE THE FEATURES OF THE FGNSAVINGSBOND?
1.The FGNSB is issued monthly in tenors of 2 and 3 years.
2.Interest will be paid to investors every quarter.
3.The FGNSB is offered to investors through Offer for Subscription at an interest rate announced by the DMO.
4.The Offer for subscription will be open for 5 days from the date of announcement.
5.Minimum subscription amount is N5,000.00 with additions in multiples ofN1,000.00, subject to a maximum ofN50,000,000.00.
6.There will be no fees or charges for subscriptions.
7.The accounts of investors in the Central Securities Clearing System (CSCS) will be credited and text alerts will be sent to investors on Settlement Day.
8.The FGNSB is listed on The Nigerian Stock Exchange and it can be sold before maturity by investors.
9.The Bond is backed by the full faith and credit of the Federal Government of Nigeria.
THE BENEFITS OF FGNSAVINGSBOND
1.Interest income, which is exempted from tax, is paid into the bond-holder’s account every quarter.
2.Investment in the FGNSB is a risk-free investment because it is backed by the full faith and credit of the Federal Government of Nigeria.
3.The FGNSB is a good instrument for saving towards retirement, marriage, school fees, housing projects etc.
4.The FGNSB can be used as collateral for loans.
5.The bond can be sold in the secondary market whenever investors need cash.
WHEN CAN I INVEST IN THEFGNSB?
The FGNSB will be issued every month. The Issuance Calendar for 2017 is shown below:
MONTH
OFFER PERIOD
(DATES)TENOR
March13th– 17th2 Years
April3rd– 7th2 and 3 Years
May8th– 12th2 and 3 Years
June5th– 9th2 and 3 Years
July3rd– 7th2 and 3 Years
August7th– 11th2 and 3 Years
September4th– 8th2 and 3 Years
October9th– 13th2 and 3 Years
November6th– 10th2 and 3 Years
December4th– 8th2 and 3 Years
IT’S EASY TO INVEST IN THEFGNSB
Investing in FGN Savings Bond is easy.
1.Download the subscription form from THIS LINK
1.Contact any of the stockbroking firms accredited by the DMO to market and distribute the FGN Savings Bond which are listed on THIS LINK
Follow DMO NIGERIA on your favourite social media networks for more updates.
Invest in the FGNSavingsBond Today!
#FGNSavingsBond
https://www.dmo.gov.ng/news-and-events/dmo-in-the-news/all-you-need-to-know-about-the-fgn-savings-bond-fgnsb?_e_pi_=7%2CPAGE_ID10%2C6837821952

Informative, if only and if only Nigeria will be.

I am scared to invest in this so called country.

Wow! Good development. Where is lalasticlala sef?.

Hello Mr buhari ,pls I want to buy FGNSB but online, I found a site name mytradebook.com, they claim to link with Greenwich securities Ltd ,pls tell is save for me to transact with them?