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FGN Savings Bond - Investment (3) - Nairaland

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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 Ugosample(m): 8:49pm On May 30, 2018
Kolping:
You're not the only one...counting down to Friday or maybe Monday next week.



But I'm still a bit confused tho

How can I buy bonds from my stock brokering firm?
Re: FGN Savings Bond by SoNature(m): 6:09am On May 31, 2018
IHelp:


The interest rate for the 2years bond is 13.189 per annum.
For 1 year your interest on N20,000 will be (13.189/100)×20,000 = 2,637.8
For 2years interest will be 2,637.8×2 = 5,275.6

Interest is paid every quarter. Which means you will get 5,275.6/8 = 659.45 every 4months

But a quarter is supposed to be every three months, making it four in one year. Please don't argue
Re: FGN Savings Bond by freshpzy1(m): 6:57am On May 31, 2018
hello house..... pls i av this questions is my investment in fgn savings bond free from tax? and is the interest i receive from it free from tax too?
Re: FGN Savings Bond by IHelp: 9:38am On May 31, 2018
SoNature:


But a quarter is supposed to be every three months, making it four in one year. Please don't argue

Thanks.
Every 4months was a mistake. (Correction: Every 3months). I have corrected it on the post. All other calculations on the post is correct.

1 Like

Re: FGN Savings Bond by IHelp: 9:42am On May 31, 2018
freshpzy1:
hello house.....
pls i av this questions
is my investment in fgn savings bond free from tax?
and is the interest i receive from it free from tax too?
Yes. It is tax exempt

1 Like

Re: FGN Savings Bond by IHelp: 9:48am On May 31, 2018
Ugosample:


But I'm still a bit confused tho

How can I buy bonds from my stock brokering firm?

If you already have an account with a stock brokering firm, fill the Fgn savings bond subscription form and send to them. Make payment for the value you want to purchase.
Some firms use the same account for your stock and bonds while some have different account for bonds.
You should contact your broker for more info.

1 Like

Re: FGN Savings Bond by Kolping: 4:40pm On May 31, 2018
The information provided by IHelp above is the same as what I would have written.
The link to the form is here:
https://dmo.gov.ng/fgn-bonds/savings-bond/1963-fgn-saving-bond-subcription-form/file

Ugosample:


But I'm still a bit confused tho

How can I buy bonds from my stock brokering firm?

1 Like

Re: FGN Savings Bond by IHelp: 6:37am On Jun 04, 2018
June 2018 offer rate

This month the rate increased by 0.864

2years - 10.344% per annum
3years - 11.344% per annum

1 Share

Re: FGN Savings Bond by Affordablerent: 5:12am On Jun 05, 2018
Ugosample:
I got my eyes on the June rates.

You are well known in travel section for encouraging people to abandon the country for foreign land, one of the people who say there's no hope in Nigeria. If someone told me that you can invest a kobo in Nigeria I would never believe, my brother fear God o chaii
Re: FGN Savings Bond by Affordablerent: 5:13am On Jun 05, 2018
How can I open an account with a broker and which one do you suggest?
Re: FGN Savings Bond by Ugosample(m): 7:51am On Jun 05, 2018
Affordablerent:


You are well known in travel section for encouraging people to abandon the country for foreign land, one of the people who say there's no hope in Nigeria. If someone told me that you can invest a kobo in Nigeria I would never believe, my brother fear God o chaii

Well

I still have portfolio investments in Nigeria i am planning to expand.

The rates are good and the exchange rate has been stable, so why not? grin
Re: FGN Savings Bond by Adayoung(f): 11:26am On Jun 05, 2018
Good day, between mmf and fgn bonds which is better?
Re: FGN Savings Bond by IHelp: 9:47am On Jun 08, 2018
Adayoung:
Good day, between mmf and fgn bonds which is better?

Both have it's advantage and disadvantage. It depends on your investment plan.
Re: FGN Savings Bond by Kolping: 1:57pm On Jun 19, 2018
@IHelp

Do you have any contact at DMO to confirm a purchase of FGNSB June offer?
Re: FGN Savings Bond by IHelp: 11:37am On Jun 20, 2018
Kolping:
@IHelp

Do you have any contact at DMO to confirm a purchase of FGNSB June offer?

I do not have any personal contact at DMO. They have some numbers on their website. Though I have not tried reaching them through that channel.
You can as well try registering with cscs. As you can confirm your bond/stock online through them.
When ever I need clarification I contact my broker or Cscs.
I am yet to get notification for the purchase of June Fgn savings bond but I have already confirmed it in my cscs account.
Re: FGN Savings Bond by Kolping: 12:00pm On Jun 20, 2018
Update: Just received SMS confirmation from DMO

Ok. Thanks. I received my investor account details (dated 14 June) from my stockbroker but the June offer was not listed. I also haven't received the usual SMS confirmation from DMO.

IHelp:


I do not have any personal contact at DMO. They have some numbers on their website. Though I have not tried reaching them through that channel.
You can as well try registering with cscs. As you can confirm your bond/stock online through them.
When ever I need clarification I contact my broker or Cscs.
I am yet to get notification for the purchase of June Fgn savings bond but I have already confirmed it in my cscs account.
Re: FGN Savings Bond by IHelp: 12:17pm On Jun 20, 2018
Kolping:
Ok. Thanks. I received my investor account details (dated 14 June) from my stockbroker but the June offer was not listed. I also haven't received the usual SMS confirmation from DMO.


Just got the notification for June purchase.
Re: FGN Savings Bond by Nobody: 8:48pm On Jul 01, 2018
Waiting patiently for the July rates
Re: FGN Savings Bond by Nobody: 8:43am On Jul 02, 2018
IHelp:


Just got the notification for June purchase.
Please why is July rates and all not out yet??
Re: FGN Savings Bond by IHelp: 9:39am On Jul 02, 2018
July 2018 offer rate

This month the rate increased by 0.139

2years - 10.483% per annum
3years - 11.483% per annum

m784n:
Waiting patiently for the July rates
m784n:
Please why is July rates and all not out yet??

Re: FGN Savings Bond by Nobody: 11:32am On Jul 02, 2018
.
Re: FGN Savings Bond by Nobody: 8:01am On Jul 16, 2018
IHelp:




Kolping gave you the right answer. You get the notification after the settlement date. Sometimes it delays for some days.
Also, paying the annual fee to cscs to monitor your stock and bonds is worth it. Unless you are investing very little fund.
Ive subscribed to that CSCS and I can’t find anything like FGN Savings Bond there. angry
Which kind DMO is this na.
I even contacted my broker and they said …
CSCS/DMO is yet to credit me account with the bond unit.
And they’re hoping it will be credited before the end of this week angry
Re: FGN Savings Bond by IHelp: 11:17pm On Jul 16, 2018
4601CE:
Ive subscribed to that CSCS and I can’t find anything like FGN Savings Bond there. angry
Which kind DMO is this na.
I even contacted my broker and they said …
CSCS/DMO is yet to credit me account with the bond unit.
And they’re hoping it will be credited before the end of this week angry

You should be able to see previous subscriptions. That of July 2018 is yet to reflect.
When you login to your account, on the menu list click on "My Portfolio".
If you have account with different brokers with the same CHN, it will all be listed there.
Click on the account you used to subcribe and you will be able to view what is in that account.
Re: FGN Savings Bond by Nobody: 11:30pm On Jul 16, 2018
IHelp:


You should be able to see previous subscriptions. That of July 2018 is yet to reflect.
When you login to your account, on the menu list click on "My Portfolio".
If you have account with different brokers with the same CHN, it will all be listed there.
Click on the account you used to subcribe and you will be able to view what is in that account.

Thank you, but I checked all those places . It’s july2018 I’m looking for.
I guess I don’t hAve any other choice now than to wait embarassed
Re: FGN Savings Bond by Nobody: 12:34pm On Jul 17, 2018
4601CE:
Thank you, but I checked all those places . It’s july2018 I’m looking for.
I guess I don’t hAve any other choice now than to wait embarassed
Finally…
It has reflected on my CSCS portal .
Thanks ya’ll.
Re: FGN Savings Bond by Nobody: 10:58pm On Jul 18, 2018
4601CE:
Finally…
It has reflected on my CSCS portal .
Thanks ya’ll.
this is becoming more interesting as it has disappeared from my portfolio.
I weak
Re: FGN Savings Bond by IHelp: 9:25am On Jul 19, 2018
4601CE:
this is becoming more interesting as it has disappeared from my portfolio.
I weak

grin
Contact cscs to know what happened
Re: FGN Savings Bond by Nobody: 3:22pm On Jul 20, 2018
IHelp:


grin
Contact cscs to know what happened
They have refused to respond.
cry
Re: FGN Savings Bond by Kolping: 9:00pm On Jul 20, 2018
You could also confirm from your stockbroker.
4601CE:
They have refused to respond.
cry
Re: FGN Savings Bond by Nobody: 9:30pm On Jul 20, 2018
Kolping:
You could also confirm from your stockbroker.
Here’s there response embarassed
I kinda don’t like that second part angry
Re: FGN Savings Bond by Kolping: 4:13pm On Jul 21, 2018
You can now use this information and send it to CSCS by email.

4601CE:
Here’s there response embarassed
I kinda don’t like that second part angry
Re: FGN Savings Bond by Nobody: 4:22pm On Jul 21, 2018
Kolping:
You can now use this information and send it to CSCS by email.

Yes, these CSCS people aren’t responding to my mails .
I sha know they will credit me my bond units before They’ll bring August subscription offer.
Thanks for the assistance

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