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The Debt Management Office of Nigeria launched a new retail investment program called the FGN Savings Bond.
The bond is deliberately targeted at low income earners. They will be issued with a tenor (period) of between two to three years and a minimum size (amount that can be purchased) of investment of N5,000 and maximum of N50 million.
The interest rate, which will be fixed, will be paid quarterly, enhancing the attraction of the savings bond as grassroots instrument for the public.
Here are all you need to know about the Federal Government of Nigeria Savings Bond:
The bond is deliberately targeted at low income earners. They will be issued with a tenor (period) of between two to three years and a minimum size (amount that can be purchased) of investment of N5,000 and maximum of N50 million.
The interest rate, which will be fixed, will be paid quarterly, enhancing the attraction of the savings bond as grassroots instrument for the public.
Here are all you need to know about the Federal Government of Nigeria Savings Bond:
