Nigeria
Important Update on the FGN Savings Bond Investment | December 2023 Offer
The December 2023 FGN Savings Bond offer is now open and will close by 5pm on Thursday, 07 December 2023. Kindly take note of below important updates to the subscription process:
- The subscription process is now fully digital, eliminating the need for manual or digital completion of the DMO subscription form.
- All investors are required to have a Central Securities and Clearing System (CSCS) number. Should you not have one, kindly note that by submitting the subscription form, you consent that a CSCS account be opened for you to process your subscription.
- Investors without CSCS should also register via the subscription link, indicate 'null' in CSCS details and upload the proof of transfer.
- Investors must ensure that their name sequence must be the same as that on their bank account, CSCS details and BVN for the subscription to be successful.
- Investors should upload their payment advice via the subscription link provided under the application process section below.
APPLICATION PROCESS
- Investors should make payment for subscription into the account below, using investor first and last name as the payment narration.
Account number: 0024904846
Account Name: SISL/FGN SAVINGS BOND
Bank: Stanbic IBTC Bank Limited
Important: Please state ‘Null’ if you do not know your stockbroker name and code.
For further information, kindly click this link to access the December 2023 offer as well as a Frequently Asked Question (FAQ) guide to aid your understanding of the offer.
Below is a summary of the December 2023 offer:
2-Year FGN Savings Bond due 13 December 2025: 12.287% per annum
3-Year FGN Savings Bond due 13 December 2026: 13.287% per annum
Issuer:
Federal Government of Nigeria
Unit of Sales and subscription amount
₦1,000 per unit subject to a minimum
Minimum subscription amount
₦5,000 in multiples of ₦1,000. That is, investors can invest ₦5000, ₦6,000, 7,000 and so on and NOT ₦5,100, ₦5,200 and so on
Maximum subscription amount
₦50,000,000
Interest Payment
Payable quarterly
Redemption
Bullet repayment of the full principal investment amount on the maturity date selected on the subscription form.
Effective yield
2 years - 12.865%
3 years - 13.964%
The next investment window will open from Tuesday - Thursday, 02 - 04 January 2024.
Contact us
For enquiries, send an email to [email protected]
Happy investing!
Why invest in the FGN Savings Bond?
Safe
The investment is backed by the “full faith and credit” of the Federal Government of Nigeria, hence, investors have the governments guarantee to pay investors’ principal and interest in full.
Regular stream of income
Interest is paid to investors quarterly, that is, every three (3) months.
Inclusive
Individuals, businesses and corporates can across various social classes can invest as the investment amount is from ₦5000 to ₦50,000,000.
Collateral
The investment can be used as collateral for loans from banks.
FGN Savings Bond
What is FGN Savings Bond?
- The Federal Government of Nigeria (FGN) Savings Bond is a risk-free investment issued by the Federal Government of Nigeria through the Debt Management Office (DMO).
- Every month, the DMO publishes the offer document for the month with details of the annual interest rate and other details clearly stated so investors are from the outset aware of the interest to be paid to them every three (3) months.
- With FGN Savings Bond, you are lending the federal government money to execute projects. In return, the government pays you interest or returns on your investment quarterly, that is, every three months. The annual percentage of your returns is stated on the monthly offer document that the Debt Management Office which makes the process transparent also.
What You Get
- Quarterly interest income, that is, interest payments every 3 months.
- Full principal investment sum at the maturity of the investment.
Frequently Asked Questions (FAQ)
- How much can I invest? - Between ₦5000 and ₦50,000,000 (five thousand naira to fifty million naira).
- What is the interest rate? - Kindly refer to the offer document for the current investment month to view the applicable interest rate .
- What are the risks?- It is risk-free because there is no risk of default of principal and interest.
For more details on the FGN Savings Bond, download the FGN Savings Bond FAQ document.
How to Invest
- Investors should make payment for subscription into the account below, using investor first and last name as the payment narration.
Account number: 0024904846
Account Name: SISL/FGN SAVINGS BOND
Bank: Stanbic IBTC Bank Limited
- Kindly complete the FGN Savings Bond Subscription form on behalf of the investor or share with the investor to complete the form themselves.
- Send the completed application form and payment receipt to [email protected]
Important: Kindly state your full name (first and last name in that order) as payment narration or description.
-
What is FGN Savings Bond?
-
What You Get
-
Frequently Asked Questions (FAQ)
-
How to Invest
- The Federal Government of Nigeria (FGN) Savings Bond is a risk-free investment issued by the Federal Government of Nigeria through the Debt Management Office (DMO).
- Every month, the DMO publishes the offer document for the month with details of the annual interest rate and other details clearly stated so investors are from the outset aware of the interest to be paid to them every three (3) months.
- With FGN Savings Bond, you are lending the federal government money to execute projects. In return, the government pays you interest or returns on your investment quarterly, that is, every three months. The annual percentage of your returns is stated on the monthly offer document that the Debt Management Office which makes the process transparent also.
- Quarterly interest income, that is, interest payments every 3 months.
- Full principal investment sum at the maturity of the investment.
- How much can I invest? - Between ₦5000 and ₦50,000,000 (five thousand naira to fifty million naira).
- What is the interest rate? - Kindly refer to the offer document for the current investment month to view the applicable interest rate .
- What are the risks?- It is risk-free because there is no risk of default of principal and interest.
For more details on the FGN Savings Bond, download the FGN Savings Bond FAQ document.
- Investors should make payment for subscription into the account below, using investor first and last name as the payment narration.
Account number: 0024904846
Account Name: SISL/FGN SAVINGS BOND
Bank: Stanbic IBTC Bank Limited
- Kindly complete the FGN Savings Bond Subscription form on behalf of the investor or share with the investor to complete the form themselves.
- Send the completed application form and payment receipt to [email protected]
Important: Kindly state your full name (first and last name in that order) as payment narration or description.