What Are FGN Savings Bonds
The FGN Savings Bond is a debt security instrument of the Federal Government of Nigeria (FGN) issued by the Debt Management Office (DMO) for and on behalf of the Federal Government.
The FGN Savings Bond is specifically designed for retail investors and has a guaranteed interest payment and repayment of the principal sum invested at maturity.
Maturity Date For The FGN Savings Bonds
The FGN Savings Bonds are of different maturity dates. The minimum tenor is 2 years while there are other FGN Savings bond options that mature in 3, 5, 7 and 10 years respectively.
However, the interest rates on these bonds have specific times wherein they are paid to investors annually.
The FGN Savings Bonds have a fixed interest.
There is no risk associated with investing in FGN Savings Bonds. They are often viewed as the safest investments in the domestic debt market because the bonds are fully guaranteed by the Federal Government.
Both the interests earned and the principal sum invested will be paid when due by the Federal Government. In addition, the interest earned on the investment are not taxable by government.
Minimum Investment Sums
Minimum subscription amount for the FGN Savings Bonds is N5,000 with additions in multiples of N1,000 subject to a maximum of N50,000,000
How To Invest In FGN Savings Bonds In Nigeria
Engaging the services of an accreditated and reliable broker is the best way to invest in FGN Savings Bonds in Nigeria.
Are you interested in investing in FGN Savings Bonds in Nigeria? Talk to a broker today at Dominion Trust Limited.
Call: +234 8108896937, +234 8034054979,+234 8191449754, +234 8076718151