Tag: FGN Savings Bond

FG Raises N343m from July FGN Savings Bond Offering

By Modupe Gbadeyanka About N343.1 million was realized by the Debt Management Office (DMO) for the Federal Government of Nigeria (FGN) Savings Bond offered for the month of July 2018. The debt office made this disclosure on Wednesday on its website while releasing results of the exercise, which was conducted from Monday, July 2, 2018… Continue reading FG Raises N343m from July FGN Savings Bond Offering

DMO Begins Sale of FGN Savings Bond for July

By Modupe Gbadeyanka The Debt Management Office (DMO) has commenced the sale of Federal Government of Nigeria (FGN) Savings Bond for the month of July. The FGN Savings Bond, introduced in March 2017, is a safe and rick-free bond backed by the full faith and credit of the Federal Government of Nigeria, with quarterly coupon… Continue reading DMO Begins Sale of FGN Savings Bond for July

NSE Lists N856.5m FGN Savings Bond

By Modupe Gbadeyanka Federal Government of Nigeria (FGN) Savings Bond worth N856.48 million has been listed on the trading floor of the Nigerian Stock Exchange (NSE) as at June 8, 2018. Last year, the Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, launched a new retail investment programme. The FGN Savings… Continue reading NSE Lists N856.5m FGN Savings Bond

DMO Opens February FGN Savings Bond Auction

By Dipo Olowookere The Debt Management Office (DMO) on Monday commenced the sale of the FGN Savings Bond subscription for the month of February for two-year and three-year to investors at 10.277 percent and 11.277 percent per annum respectively. The DMO is conducting the auctioning on behalf of the Federal Government of Nigeria. The savings… Continue reading DMO Opens February FGN Savings Bond Auction

FG Raises N7b from Savings Bond in 10 Months

By Leadership The federal government has raised a total sum of N7.3 billion in the past 10 months from its savings bond introduced in March 2017 to boost domestic investors’ participation in the bond market. The government, this year, planned to use the savings bond to finance the budget deficit but investors’ appetite for investment… Continue reading FG Raises N7b from Savings Bond in 10 Months

Investment Opportunities in FGN Savings Bonds

By FSDH Research There are investment opportunities in the Federal Government of Nigeria Savings Bonds (FGNSB) as they offer attractive returns and low investment risk for low income earners. The FGN introduced the FGNSB in March 2017 to provide an avenue for the low income earners to invest their money to earn consistently good return… Continue reading Investment Opportunities in FGN Savings Bonds

Last FGN Savings Bond for 2017 Begins Today

By Dipo Olowookere The last FGN Savings Bond auction exercise for the year 2017 has commenced today, Monday, December 04, 2017, and will end on Friday, December 8, 2017. The exercise is to be conducted by the Debt Management Office (DMO) on behalf of the Federal Government. The debt office would be offering 2-Year FGN… Continue reading Last FGN Savings Bond for 2017 Begins Today

FGN Savings Bond Offer for November Begins Today

By Modupe Gbadeyanka 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… Continue reading FGN Savings Bond Offer for November Begins Today

Sept 2017 FGN Savings Bond Opens Today

By Modupe Gbadeyanka Subscription for the September 2017 Federal Government of Nigeria Savings Bond has commenced today, Monday, September 11, 2017. Business Post gathered that the bond subscription period will run from 8am today till 12 noon on Friday, September 15, 2017. Our correspondent further gathered that for the September edition, federal government will offer… Continue reading Sept 2017 FGN Savings Bond Opens Today