Saturday, August 13, 2022
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Nigeria offers two-year savings bond at N1,000 per unit

Ehime Alex by Ehime Alex
May 4, 2021
in Front Page, Money
0
PIDG, EAIF supports Senegal's local currency bond issue
2
SHARES
18
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Nigerian Debt Management Office has opened for subscription two Federal Government savings bonds at N1,000 per unit.

The FGN bonds allow investors to a minimum subscription of N5,000 in multiples of N1,000, and a maximum subscription of N50m, the DMO stated on its official website on Tuesday.

READ ALSO

How IoT boosts customer satisfaction in transport sector

Entrepreneurship is rugby, not tennis

According to the DMO, the first offer is a two-year FGN Savings Bond, due in May 12, 2023 at an interest rate of 7.753 per cent per annum.

Read Also:

  • Air cargo performance dips as Russia-Ukraine war rages
    Air cargo performance dips as Russia-Ukraine war rages
  • Financial prudence amid inflation, rising transport costs
    Financial prudence amid inflation, rising transport costs
  • NGX ASI, market cap go north, close at N27.358tn
    NGX ASI, market cap go north, close at N27.358tn

The second offer is a three-year FGN Savings Bond, due in May 12, 2024 at an interest rate of 8.753 per cent per annum.

The DMO further stated that the opening date for subscription was May 3, to close May 7, while settlement date is May 12,. It added that coupon payment dates are August 12 and November 12, 2021, and February 12 and May 12, 2022 respectively.

“They [the bond] qualify as securities to which trustees can invest under the Trustee Investment Act.

“(They) qualify as government securities within the meaning of Company Income Tax Act and Personal Income Tax Act for tax exemption for pension, listed in the Nigerian Stock Exchange.

“It qualifies as a liquidity ratio calculation for banks,” the DMO stated.

The hinted that the bonds were backed by the full faith and credit of the government, and charged upon the general assets of Nigeria.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: DMOFGN savings bondSecurities

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

How IoT boosts customer satisfaction in transport sector
CONSUMER PERSPECTIVE

How IoT boosts customer satisfaction in transport sector

August 13, 2022
Entrepreneurship is rugby, not tennis
Front Page

Entrepreneurship is rugby, not tennis

August 12, 2022
air cargo performance dips as russian-ukraine war rages
Aviation

Air cargo performance dips as Russia-Ukraine war rages

August 8, 2022
inflation
Front Page

Financial prudence amid inflation, rising transport costs

August 8, 2022
Dealing with the ATM nightmare
CONSUMER PERSPECTIVE

Dealing with the ATM nightmare

August 6, 2022
African workplace
FEATURES

Dealing with entitled employees in African workplace

August 1, 2022
Next Post
Nigeria ranks second in energy, utilities market opportunities

'Energy investments in Africa, M'East to exceed $805bn'


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

How IoT boosts customer satisfaction in transport sector

How IoT boosts customer satisfaction in transport sector

August 13, 2022
Entrepreneurship is rugby, not tennis

Entrepreneurship is rugby, not tennis

August 12, 2022
air cargo performance dips as russian-ukraine war rages

Air cargo performance dips as Russia-Ukraine war rages

August 8, 2022
inflation

Financial prudence amid inflation, rising transport costs

August 8, 2022
Nigerian Exchange Limited

NGX ASI, market cap go north, close at N27.358tn

August 8, 2022
Dealing with the ATM nightmare

Dealing with the ATM nightmare

August 6, 2022
African workplace

Dealing with entitled employees in African workplace

August 1, 2022

TRENDING

  • air cargo performance dips as russian-ukraine war rages

    Air cargo performance dips as Russia-Ukraine war rages

    2 shares
    Share 0 Tweet 0
  • NGX ASI, market cap go north, close at N27.358tn

    2 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
  • Dealing with the ATM nightmare

    0 shares
    Share 0 Tweet 0
  • Dissecting Nigerians’ savings culture amid socio-economic headwinds

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS