@DCNM, Read that last post .

ihedioramma:
@DCNM, Read that last post .

Thank You bro. Well noted.

finch007:
i'm surprised Nigerians fall for this every time.

if you're financially sound, you'll know that this is not something to invest in.

firstly, you can make an investment decision of you're not aware of the details that governs your reward i.e. the interest rate. FGN has made it clear that the interest rate will be regulated between the buyer and themselves.

please note that any interest rate that does not exceed the current inflation rate (approx 18%) is NOT profitable. if you buy N10,000 worth of goods (lets say 25 kg of Garri) today and 2 years down the line, the value drops to N6,000 in 2 years (can only afford 12 kg). how then do we think an interest rate of 10-20% can yield you profit?

It's simply an avenue to get people's money into the system and the government use it to raise fund at your own expense.

These bonds could have been good if the maturity period was longer, that gives room for stability and being optimistic, crashes inflation rate (rare in emerging african markets).

If your argument for not investing is that you'll get negative returns because of high inflation, and you may be partially right. My question to you is, what are the alternative investments that will yield above the 13% (risk free) that government bond is currently offering? You can put your money in the bank for a year or two, and it'll still loose it's purchasing power because of inflation. Hence, reason why cannot afford to park your money in the bank. I'm eagerly anticipating your thoughts sir, on alternative asset options.

DCNM:
Thank You bro. Well noted.

OK

[quote author=ihedioramma post=55103200]The Nigeria Stock Exchange (NSE) wednesday approved the listing of N2.067 billion Federal Government of Nigeria (FGN) Savings Bond on the floor of the exchange. NSE Chief Executive Office, Oscar Onyema, who approved the listing, when a team from the Debt Management Office (DMO) visited the trading floor of the NSE, praised the DMO for its commitment for growing the savings bond market. DMO Director-General, Dr. Abraham Nwankwo, who sounded the closing gong at the NSE said approval of the bonds listings which came with 13.01 per cent coupon was key to empowering the grassroots into achieving sustainable wealth creation. Nwankwo said: “It’s an exciting day for Nigerian and DMO in particular. We were giving the opportunity to introduce a savings bond with the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and other relevant agencies for supporting our efforts”. He said the federal government want to ensure that progress being @Mymail2m read this .

Dear Investor, We write to inform you about the Federal Government of Nigeria Savings Bond which opens today the 3rd of April 2017. The bond subscription period will run from 8.00am on Monday the 3rd of April 2017 till 12.00 noon Friday, the 7th of April 2017. The Savings Bond will have most of the features of the existing FGN Bond plus other features/benefits to the bondholder… For more details, contact oojomu@capitalbancorpng.com or 08070708987.

The Debt Management Office has
announced a new round of FGN
Savings Bond set for May 8 2017 and
will close May 12 2017. The 2 year bond will be offered at an
interest of 13.189% and 14.189% for
a 3 year bond compared to 12.794%
and 13.794% offered respectively in
the last auction. The FGN Savings bond still offers a
lower yield when compared to
Treasury Bills. One year treasury bills
sold at 18.8% last week. See offer details below; Summary of May 2017 Offer 2-Year FGN Savings Bond due May
17, 2019: 13.189% 3-Year FGN Savings Bond due May
17, 2020: 14.189% Opening Date: May 8, 2017 Closing Date: May 12, 2017 Settlement Date: May 17, 2017 ISSUER: Federal Government of
Nigeria (“FGN”) UNITS OF SALE: N1,000 per unit
subject to a minimum Subscription of
N5,000 and in multiples of N1,000
thereafter, subject to a maximum
subscription of N50,000,000. INTEREST PAYMENT: Payable
Quarterly REDEMPTION: Bullet repayment on
the maturity date If you are interested, go ask your
bank.

.

This is to inform you that the Federal Government of Nigeria Savings Bond offer(s) for the month of June-2017 will open at 8.00 a.m on the 5 June-2017 (Monday) and remain open for five working days till 12 noon on the 9 June-2017 (Friday) with settlement date: 14 June-2017 . It consists of 2 tenors: 13. a) 2-year FGN Saving Bonds June 14th’ 2019 at coupon rate : 13.189% p.a 14. b) 3-year FGN Saving Bonds June 14th’ 2020 at coupon rate : 14.189% p.a The Nigerian Stock Exchange will serve as an active secondary market for the bonds, thereby providing liquidity to retail subscribers who wish to redeem their capital before maturity. To invest in the FGN Savings Bond: Download and complete the attached subscription form. Thereafter, scan and send a copy of the completed form to (TRW e-mail address) with evidence of payment, deposit or transfer into any of our designated bank accounts below. Account Name: TRW STOCKBROKERS LIMITED Ecobank Plc 4012010513 Amuwo Odofin .

This is to inform you that the Federal Government of Nigeria Savings Bond offer(s) for the month of July-2017 will open at 8.00 a.m on the 3 July-2017 (Monday) and remain open for five working days till 12 noon on the 7 July-2017 (Friday) with settlement date: 13 July-2017 . It consists of 2 tenors: 13. a) 2-year FGN Saving BondsJuly 13th’ 2019 at coupon rate : 13.386% p.a 14. b) 3-year FGN Saving BondsJuly 13th’ 2020 at coupon rate : 14.386% p.a

This is to inform you that the Federal
Government of Nigeria Savings Bond
offer(s) for the month of July-2017 will
openat 8.00 a.m on the 7 August’ 2017 (Monday) and remain open for
five working days till 12 noon on the
11 August’ 2017 (Friday) with settlement date: 16 August’ 2017. It consists of 2 tenors: 2-year FGN Saving Bonds August
16th’ 2019 at coupon rate : 13.535%
p.a 3-year FGN Saving Bonds August
16th’ 2020 at coupon rate : 14.535%
p.a The Nigerian Stock Exchange will serve
as an active secondary market for the
bonds, thereby providing liquidity to retail
subscribers who wish to redeem their
capital before maturity.

Sept 2017 FGN Savings Bond Opens Today https:// www.businesspost.ng/2017/09/11/ sept-2017-fgn-savings-bond-opens- today/

The savings bond offer by the Federal Government for the month of November 2017 has commenced today. The savings bond gives Nigerians the opportunity to invest in the bond market for as low as N5000 with interest as high as 13.091 percent per annum. Specifically, the Debt Management Office (DMO), which sells the bonds on behalf of the government, is offering the 2-Year FGN Savings Bond due November 15, 2019 at 12.091 percent per annum, while the 3-Year FGN Savings Bond due November 15, 2020 is at 13.091 percent per annum. Subscription for the bonds opens Monday, November 6, 2017 from 8am and will end by 12 noon of Friday, November 10, 2017. The Savings Bond will have most of the features of the existing FGN Bond plus other features/benefits to the bondholder. It will be backed by the full faith of the Federal Government of Nigeria and is therefore deemed risk free. The purpose of the savings bond is to deepen the national savings culture, provide opportunity to all citizens irrespective of income level .

Please,

I need your advice. I contacted a stockbroking firm for the savings bond and I was told to open an account with them, then fill a cscs form. I did so and sent to them. Just yesterday they said I should go ahead pay the amount I intend to use for the savings bond into the firms account and I did so.

I called to ask about my cscs account number today, and I was told they have not generated it but have submitted my bid form without a cscs number.

They also said I wld not get a bond certificate, but the amount wld reflect in my cscs account.

Please advice