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Political / What is the FGNSBs?
14 Mar 3:08pm
   
The Federal Government of Nigeria Savings Bonds (FGNSBs) is a retail sovereign debt instrument issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria. The FGNSBs is a safe and secure savings bond or product, fully guaranteed by theGovernment of Nigeria to help Nigerians reach their savings goal. The Savings Bond will serve as a catalyst for economic growth through the mobilization of funds required by government to develop key sectors of the economy. Features of the FGNSBs ·   Auction Date: March 13, 2017 (All subsequent auctions would hold 1st Monday of every month) ·  Tenor: 2 and 3 years ·  Coupon/Interest Rate: To be announced on or before the offer date ·  Coupon/Interest Payment: Coupons or interest would be paid quarterly ·  Minimum subscription Amount: N5,000.00 (additional investments in multiples of N1,000.00) · Maximum Subscription: N50,000,000.00 · Offer Period: The Bond issue would be open for 5 working days from the date of announcement. Find out more about the FGNSB at the Financial Intelligence Series 1 seminar    14 Mar 3:08pm
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