• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 22, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

DMO Issues FGN Savings Bonds, Invites Investors to Participate

by Justice Godfrey Okamgba
March 8, 2023
in Finance
1
DMO - FG Bonds
UBA
Advertisements

The Debt Management Office (DMO) has made two tenors of FGN savings bonds available for the month of March 2023 and is inviting retail investors to subscribe.

The first tenor is a 2-year FGN savings bond with a coupon rate of 9.465% per annum due March 15, 2025.

The second tenor is a 3-year FGN savings bond with a coupon rate of 10.465% per annum due March 15, 2026.

The minimum subscription amount for these tax-free papers is N5,000, with a maximum subscription amount of N50 million.

The settlement date is March 15, 2023, with coupon payment dates of June 15, September 15, December 15, and March 15.

According to DMO, interested investors can buy these bonds from any licensed brokerage firm in the country.

The FGN savings bond is a safe debt instrument backed by the Nigerian government’s full faith and credit, and it can be used as a liquid asset in the calculation of banks’ liquidity ratios.

It’s also a qualified security under the Trustee Investment Act, which makes it an appealing option for trustees.

“This offering presents an opportunity for retail investors to invest in a low-risk, high-yield asset with a low entry barrier, which could potentially enhance their investment portfolio,” DMO said.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: BondsDMOFGN
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
532 Retirees

Lagos State Government Pays N1.2b to 532 Retirees

Comments 1

  1. Pingback: Investors Expect to Retire 3 Years Earlier than Non-investors, YouGov-ADDX survey finds - News Curators

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Techies Beware! NAFDAC Warns of Unregistered Caro White Lotion Recalled in Europe

Techies Beware! NAFDAC Warns of Unregistered Caro White Lotion Recalled in Europe

1 year ago

Fidelity Bank, SMEDAN Set to Enhance Funding, Capacity Development for SMEs

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.