• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 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
Home Economy Finance

NGX Confirms Listing FG’s N1bn April Savings Bonds

by Justice Godfrey Okamgba
April 22, 2023
in Finance
0
NGX
UBA
Advertisements

The Federal Government has listed its April 2023 savings bonds worth $1.08 billion on the country’s bourse, according to the Nigerian Exchange Limited (NGX).

The NGX said in its weekly report on exchange activity that the bonds include 436,012 units of 436,012,000.00 at a 10.032 percent interest rate and 643,204 units of 643,204,000.00 at an 11.023 percent interest rate.

The former bond has a two-year maturity date, while the latter has a three-year maturity date, with maturities in April 2025 and April 2026, respectively.

The Debt Management Office said the bonds are priced at N1,000 per unit, with a minimum subscription of N5,000, and subsequent subscriptions in multiples of N1,000, with a maximum subscription of N50,000,000.

The DMO reported 324 successful subscriptions for the two-year tenor bond and 280 for the three-year tenor bond as of Monday, April 17.

Every month, the FGN Savings Bond is issued in tenors of two and three years, with quarterly payments of coupons (interest) at a rate predetermined and published by the DMO.

The bonds are backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria, according to the debt office.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: BondDMONGX
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
Infobip makes case for RCS messaging in Nigeria

Infobip Reminds Businesses Why RCS is the Next Big Digital Channel

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

Tips on Bringing Up Money Savvy Kids

Tips on Bringing Up Money Savvy Kids

3 years ago
Ladi Balogun FCMB Group CEO

FCMB Group Posts ₦35bn Q1 Profit as Revenue Surpasses Forecast

1 month 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.