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Nairaland Forum / Nairaland / General / Politics / Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 (2871 Views)
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Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by ManirBK: 7:00pm On Jun 06, 2023 |
The Nigerian government, via the Debt Management Office (DMO) has asked Nigerians to subscribe to FGN savings bonds – The DMO stated that the first is a two-year savings bond due on June 14, 2025, and the other is due on June 14, 2026. – It stated that the offer opened on June 3, 2023, and would be closing on June 9, 2023 The Debt Management Office (DMO) has announced two Federal Government of Nigeria (FGN) saving bonds for a subscription at N1,000 per unit. According to a statement by DMO, the offer opens on June 3, 2023, and closes by June 9, 2023. The DMO stated that the first offer is a two-year FGN savings bond due on June 14, 2025, at an interest rate of 11.301% per annum. Per the DMO, the second offer is a three-year savings bond maturing on June 14, 2026, at an 11.301% interest rate per annum. TheCable reports that the DMO said the coupon dates are September 14, December 14, and June 14, respectively. DMO said: “They are offered at N1,000 per unit subject to a maximum subscription of N5,000 and in multiples of N1,000 after that, subject to a maximum subscription of N50 million,” the statement reads. “Interest is payable quarterly, and the bullet repayment (principal amount) is done on maturity.” Bonds guaranteed by the Nigerian government The debt office also stated that the latest offers have a settlement date of June 14, 2023. The agency also noted that the FGN savings bonds were backed by the full faith and credit of the Nigerian government and charged upon the general assets of the country. It said. “They qualify as securities in which trustees can invest under the trustee investment act,” DMO added. “They qualify as government securities within the meaning of the company income tax act (CITA) and personal income tax act (PITA) for tax exemption, pension funds, amongst other investors.” The office said the savings bonds are also listed on the Nigerian Exchange Limited and qualify as liquid assets for bank liquidity ratio calculation. FG Offers high interest-yielding savings bond for November 2022 Legit.ng reported that the Debt Management Office (DMO) , on behalf of the Federal Government of Nigeria, has announced the offer for a subscription to the November 2022 Federal Government Savings Bonds. According to a circular by the DMO, there are two batches of issuances, the 2-year and 3-year savings bonds, with interest rates of 12.492 per cent and 13.492 per cent. Reports say the interest rates went up from 11.382 per cent and 12.382 per cent in October for the 2-year and 3-year Savings Bonds. https://www.legit.ng/business-economy/economy/1538063-tinubus-government-invites-nigerians-buy-bonds-n1000-unit/ mynd44 oam4j lalasticlala seun nlfpmod FOD dominique puskin naijacutee mukina2 dominique 5 Likes 1 Share |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by ManirBK: 7:00pm On Jun 06, 2023 |
Good Development with Tinubu huge break even opportunities are possible. God bless the Jagaban of Nigeria 14 Likes 2 Shares |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Rastafryrice: 7:02pm On Jun 06, 2023 |
Use your 1k and eat 8 Likes |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Taylor90: 7:03pm On Jun 06, 2023 |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Karemarealty288(m): 7:05pm On Jun 06, 2023 |
Good idea. 2 Likes 1 Share |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by dominic17: 7:07pm On Jun 06, 2023 |
You are not asked to hail rather to invest your money. if you you trust him that much invest your money that is when I will take you serious ManirBK: 2 Likes |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by LeoDeKing: 7:09pm On Jun 06, 2023 |
When you talk about effective and result-oriented leadership, Tinubu is to Lagos what Peter Obi is to Anambra. 8 Likes 1 Share
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Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Nobody: 7:09pm On Jun 06, 2023 |
Rastafryrice: Make sure you think deeply (Ronu) while eating your future away. 15 Likes 1 Share |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by donbachi(m): 7:10pm On Jun 06, 2023 |
To avoid story that touch. Make una see my armpit oo |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by APCNig: 7:29pm On Jun 06, 2023 |
dominic17: He is talking only to those who have sense 11 Likes 3 Shares |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Ddeliverer007(m): 7:48pm On Jun 06, 2023 |
APCNig: Invest your 1k or shutup. 1 Like |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by YouandiAllofus: 7:48pm On Jun 06, 2023 |
How is this the president's initiative? FGN bonds has being in existence for over two decades now. 2 Likes |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by odduduwa: 7:50pm On Jun 06, 2023 |
APCNig:borrow from bank and invest , infact invite your papa make him invest his money 2 Likes |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Ofunaofu: 8:02pm On Jun 06, 2023 |
LeoDeKing: What about Tinubu of the Chicago drug cartel 1 Like 1 Share |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by GeneralPula: 8:10pm On Jun 06, 2023 |
YouandiAllofus:Where in the reports did you see it was a president’s initiative? |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by YouandiAllofus: 8:47pm On Jun 06, 2023 |
GeneralPula:Why were they inviting Nigerians as if Nigerians were denied access to fgn bonds before now? 1 Like |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Ambassador21(m): 9:11pm On Jun 06, 2023 |
How can I invest 2 Likes 1 Share |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Zxcvbnmghtr: 9:12pm On Jun 06, 2023 |
Hope it won't turn out to be like Raymond Dokpesi's fraudulent AIT. |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Nobody: 12:32am On Jun 07, 2023 |
YouandiAllofus: How much have you invested since you have always known about this. Post invoices with date of investment, let’s see. This is straight out of PBAT’s blueprint. He is methodically following same tactics he used to pull Lagos out of economic & developmental decayed state it was in before he took over as governor. Read the excerpt below: 4 Likes 3 Shares
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Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Nobody: 12:34am On Jun 07, 2023 |
YouandiAllofus: Don’t fight this, invest in your future, it is not a religious war. 2 Likes
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Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by YouandiAllofus: 6:15am On Jun 07, 2023 |
Jagungidi:While other countries use platforms like these to generate revenue for critical infrastructural developement, here in nigeria, with the few years it has being in existence, this has proven to be just another avenue for the gov to make public money available for looting. I don't invest my money where there is no proper and transperent channel for utilization! |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Obakoolex(m): 7:23am On Jun 07, 2023 |
Nice one..... only people don't trust Nigerian government that much |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by DesChyko: 7:35am On Jun 07, 2023 |
No long thing here really. We believed in Peter Obi and we funded his campaign. Let the Ronu people invest and post screenshots. What greater way to put your money where your mouth is? Their time starts now. 1 Like |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by DesChyko: 7:44am On Jun 07, 2023 |
Jagungidi: You talk big for a state that owes 20% of the total debt owed by states in Nigeria. Point to note, there are 36 states in Nigeria. All that grandstanding and the state saw its debt stock rise at the rate of #6 billion every single month. Make this make sense; how does a state that supposedly nets over #60 billion per month have a debt stock that keeps growing at the rate of #6 billion per month? Either you're just quoting ink on paper or his protégés are just pilferers😂. Two truths can still co-exist. 1 Like |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by marlow1962(m): 8:06am On Jun 07, 2023 |
Naso Omo use your 1k eat o, no say them no tell u. |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by CodeTemplar: 8:36am On Jun 07, 2023 |
Bond. Token of bondage disguised. |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by plumcomm: 8:48am On Jun 07, 2023 |
Rastafryrice:good advice but not everybody eates with their 10 fingers. |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Solsix(m): 10:29am On Jun 07, 2023 |
Rastafryrice:Hahaha |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Keegan: 10:34am On Jun 07, 2023 |
Nice idea. As it was in Lagos so shall it be in Nigeria as a whole. I'm in for this. God bless our beloved President Bola Ahmed Tinubu God bless NIGERIA 1 Like |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by Brownshoe: 11:06am On Jun 07, 2023 |
Where can i get this? I want to invest, where to go to or website? |
Re: Tinubu's Government Invites Nigerians To Buy Bonds, Invest With N1,000 by AfonjaScud: 11:21am On Jun 07, 2023 |
Rastafryrice: Pennywise... |
(1) (Reply)
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