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Nairaland Forum / Nairaland / General / Investment / FG's Savings Bond September Offer Closes 7th September (13700 Views)
Federal Government's Savings Bond Offer / LAGBUS/BRT:-20% ROI Per Month -offer Closes By Nov 31st-hurry Up. / Introducing FGN Savings Bond Offer For September 2017 (2) (3) (4)
Re: FG's Savings Bond September Offer Closes 7th September by Just2endowed2(m): 6:19pm On Sep 04, 2018 |
Enosa1:Risk involved is if nigeria go to another civil war or the nation divide |
Re: FG's Savings Bond September Offer Closes 7th September by AkhereOkaka(m): 6:21pm On Sep 04, 2018 |
Owutuotuo:You're right bro my concern has to do with inflation 1 Like |
Re: FG's Savings Bond September Offer Closes 7th September by Nobody: 6:32pm On Sep 04, 2018 |
abumoney: Sleezwizz: sammy4life2: wandeay: Balitah: Daliano: MrHighSea: Enosa1: sirBLUNT: anjilgreat: Babayoutoomuch:Ev nkemjacob2: Balitah:er NaijaTalkTown: Optmus:yt sweetilicious:Everythinging you need to know about FGN Savings Bond is on this thread https://www.nairaland.com/3658395/fgn-savings-bond You can ask questions there too. Thank me later. |
Re: FG's Savings Bond September Offer Closes 7th September by mycar: 6:37pm On Sep 04, 2018 |
The interest rate is rubbish. Invest N18k and get N22,091 in two years time. |
Re: FG's Savings Bond September Offer Closes 7th September by anjilgreat(f): 6:41pm On Sep 04, 2018 |
Just2endowed2: Thanks |
Re: FG's Savings Bond September Offer Closes 7th September by datola: 6:42pm On Sep 04, 2018 |
abumoney: No |
Re: FG's Savings Bond September Offer Closes 7th September by anjilgreat(f): 6:54pm On Sep 04, 2018 |
4601CE: Thanks for the info 1 Like |
Re: FG's Savings Bond September Offer Closes 7th September by sweetilicious(f): 7:14pm On Sep 04, 2018 |
NaijaTalkTown:Please what's the least amount to invest |
Re: FG's Savings Bond September Offer Closes 7th September by sweetilicious(f): 7:14pm On Sep 04, 2018 |
NaijaTalkTown:Please what's the least amount to invest? |
Re: FG's Savings Bond September Offer Closes 7th September by Optmus(m): 7:52pm On Sep 04, 2018 |
frankIzuchukwu: What is T bills? |
Re: FG's Savings Bond September Offer Closes 7th September by SarakiBukola: 8:18pm On Sep 04, 2018 |
abumoney: FEDERAL GOVERNMENT |
Re: FG's Savings Bond September Offer Closes 7th September by Nobody: 8:32pm On Sep 04, 2018 |
sweetilicious: |
Re: FG's Savings Bond September Offer Closes 7th September by Unscrup: 8:56pm On Sep 04, 2018 |
I will have suggest you to go for the ARM money market fund because the rate is at 12.33% currently and can go above that. You can contact me for more explanation. |
Re: FG's Savings Bond September Offer Closes 7th September by Unscrup: 8:58pm On Sep 04, 2018 |
Optmus: Treasury bills |
Re: FG's Savings Bond September Offer Closes 7th September by gift01: 9:01pm On Sep 04, 2018 |
Inflation is coming. This is a poor deal |
Re: FG's Savings Bond September Offer Closes 7th September by sweetilicious(f): 9:22pm On Sep 04, 2018 |
NaijaTalkTown:How do I start? |
Re: FG's Savings Bond September Offer Closes 7th September by osazsky(m): 9:25pm On Sep 04, 2018 |
sonnie10:leave them let them rush in na dem go still rush out,na fg dey rush them now cuz of election,11% that will mature in 3 years time is that an investment? |
Re: FG's Savings Bond September Offer Closes 7th September by osazsky(m): 9:29pm On Sep 04, 2018 |
sweetilicious:oga nor waste ur money if u are not investing big,use the money to play 10 odds and thank me lata |
Re: FG's Savings Bond September Offer Closes 7th September by talk2emma: 9:40pm On Sep 04, 2018 |
So if I give them 100k now after one years they will pay me 111k this is nonsense na so buhari pikin take get money buy power bike 2 Likes |
Re: FG's Savings Bond September Offer Closes 7th September by BabaRamota1980: 11:38pm On Sep 04, 2018 |
Balitah: It is deep. Govt always want citizens to have a sense of ownership in its business. The wisdom is that people don't destroy where they invest. So by engaging public and ordinary citizens to invest in government you encourage patriotism. Also, govt is always in need of funds to meet demands. They don't really need to come to public for their funds, they could go to banks and get the loan. They will pay interest on the money till maturity and then pay back what they owe bank. The bank makes profits. Instead of always going to banks for money, govt will come to public citizens and ask for loan. It is termed savings fund or savings bond to give the lender (you and i) a reduced tax bracket....somewhat of a tax shelter. If it was called loan, instead of savings, the tax on it will be higher. So the govt will issue a savings bond and give terms for its offer, the subscription and maturity date with ppercentage yield. This particular bond is going at minimum of N 5,000. That means you cannot invest less than 5,000. You can subscribe for more at increment of 1,000. This means you cannot buy 500 or 200 or 700 naira bond. The maximum any one entity can subscribe is N50,000,000. If you pay money into it and leave there for two years term it yields at about 11% and some change. If you do for three years it yields a little over 12%. The yield is calculated every quarter (3mos), and paid to you. You can elect to withdraw or reinvest the yield back into your holding. If you do this two times and you get paid good, you will always look forward to the govt to offer more bonds so you can subscribe. You will become interested in govt business and start monitoring rates, debts, projects and getting your nose into govt business more. This is the goal....you have taken ownership of your govt and wish success on it so you yourself can succeed. 6 Likes 1 Share |
Re: FG's Savings Bond September Offer Closes 7th September by Balitah(f): 12:28am On Sep 05, 2018 |
BabaRamota1980: Thank you so much, I really do appreciate |
Re: FG's Savings Bond September Offer Closes 7th September by nkemjacob2(m): 1:06am On Sep 05, 2018 |
Explain to me anyone who understand how to buy |
Re: FG's Savings Bond September Offer Closes 7th September by jemby: 2:15am On Sep 05, 2018 |
Nice |
Re: FG's Savings Bond September Offer Closes 7th September by Babayoutoomuch(f): 3:03am On Sep 05, 2018 |
BabaRamota1980: Thanks for the explanation. God bless. At d end of the agreed duration, will my capital be returned to me automatically?? Why the short notice open 3rd closes 7th? |
Re: FG's Savings Bond September Offer Closes 7th September by Youngzedd(m): 4:34am On Sep 05, 2018 |
Owutuotuo: If it's not greater than inflation rate, to me it's not a wise investment. Though it's better for people who doesn't understand elementary economics that saves money in the bank. 1 Like |
Re: FG's Savings Bond September Offer Closes 7th September by Nobody: 5:59am On Sep 05, 2018 |
sweetilicious:Visit dmo.gov.ng and use the FAQ page to get more info on FGN Bonds and get a list of verified agents from the website too. |
Re: FG's Savings Bond September Offer Closes 7th September by byna: 8:09am On Sep 05, 2018 |
wandeay: You invest into FGN bond. For instance you want to invest 1m @ 10% for two years. Your 10% per annum equals 100,000 per annum. Divided into 12 months gives N8,333 monthly. You will receive alert of N8,333 for the next 2years and get your 1m + the last N8,333 on the last month. 1 Like |
Re: FG's Savings Bond September Offer Closes 7th September by BabaRamota1980: 10:17am On Sep 05, 2018 |
nkemjacob2: Babayoutoomuch: To buy you will contact licensed agents designated by govt to sell its bonds. If you go to the website referenced at bottom of the notice you can find the agents and their contact info. The short term notice and subscrption window is too tight. I don't know the reason for that. When the bond matures, that is at end of the term, yes, your initial invested amount + interest earned - tax = payout. You can elect to have the money reinvested into other derivatives. This will be a discussion between you and your agent. |
Re: FG's Savings Bond September Offer Closes 7th September by Pusyiter(m): 10:34am On Sep 05, 2018 |
Bro, anything FG, abeg, it means forget it. Nothing would come out from this shit 4601CE: |
Re: FG's Savings Bond September Offer Closes 7th September by Pusyiter(m): 10:36am On Sep 05, 2018 |
It could be tempting to buy but liquidating eh, you will go through hell. It is like getting your pension money from your PFA sirBLUNT: |
Re: FG's Savings Bond September Offer Closes 7th September by Nobody: 12:17pm On Sep 05, 2018 |
Pusyiter:Ok. You didn’t have to quote me in the first place though |
Re: FG's Savings Bond September Offer Closes 7th September by Nobody: 12:26pm On Sep 05, 2018 |
Pusyiter:Continue to say nonsense and let others benefit from the Government. Oga, Shift Abeg. |
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