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FGN Savings Bond

A debt security (liability) of the FGN backed by the ‘full faith and credit’ of the Federal Government and no default risk
STARTING FROM
₦5,000
RISK LEVEL
Low
Recent offers
FGN SAVINGS BOND

JANUARY 2025 OFFER

Closed
You can invest
₦5,000 - ₦50,000,000
opens
Mon, Jan 13, 2025
closes
Fri, Jan 17, 2025
2 Year tenor
17.235% p.a
3 Year tenor
18.235% p.a
Coupon paid on
Apr 22, Jul 22, Oct 22, Jan 22
About this fund
The Federal Government of Nigeria (FGN) Savings Bond is a bond being issued by the Debt Management Office on behalf of the FGN. The bond issuance is part of the Federal Government’s programme to encourage small savers and it helps them earn more income (interest) when compared to their savings accounts with banks. You can increase your income with dividend payments every 3 months on profits from the Fund.

FGN Savings Bond is a debt security (liability) of the FGN backed by the ‘full faith and credit’ of the Federal Government and no default risk, meaning that it is a safe investment where interest will be paid at regular intervals and principal repaid at maturity.

Afrinvest Securities Limited has been appointed as one of the agents designated through the Nigerian Stock Exchange (NSE) to offer this product.
Download Fund Fact sheet
Key information
Min. Investment
₦5,000
Bond tenor
2-3 Years
Coupon payment
Quarterly
Frequency of issue
Monthly
OFFER DURATION
5 Days from announcement
Fund Manager
Afrinvest Securities Ltd.
Bond Features
  • Denomination: Minimum subscription of ₦5,000 and a maximum of ₦50 million.
  • Interest Payment: Fixed interest will be paid every quarter.
  • Tenor: 2 – 3 years tenor
  • Frequency of Issue: It will be issued on a Monthly Basis through Offer for Subscription.
  • Subscription Period: The offer will be open for 5 days from the date of announcement.
Key Benefits
  • The interest income from the Savings Bond are tax-free.
  • The bond holder enjoys interest every quarter.
  • It makes it possible for individuals to plan and save towards personal projects.
  • The savings bond are considered liquid as it would be tradeable on the Nigerian Stock Exchange.
  • The FGN Savings Bond Certificate can be used as collateral for loans.
  • It offers guaranteed returns, and encourages financial inclusion among low-income households.
  • It enables individuals to enjoy those benefits which accrue to high-net-worth investors in the capital market.

Everything you
need to know

FGN Savings Bonds are financial instruments issued by the Federal Government of Nigeria to borrow money from retail investors. When you purchase an FGN savings bond, the government is borrowing money from you to finance projects with a promise to pay it back with interest over a fixed period.

FGN Savings Bonds pay investors regular interest income (coupon payments) every three months. The bonds are fixed-income securities, meaning you will receive a set amount of interest on your investment periodically. For example, a 3-year FGN Savings Bond may pay you interest every three months for the next 3 years.

To purchase an FGN Savings Bond, you must complete and submit a subscription form through a licensed stockbroker. Ensure that your stockbroker is licensed to avoid investing with unregulated operators. Afrinvest is one of the accredited distribution agents for FGN Savings Bonds.

The minimum investment amount is ₦5,000, while the maximum amount you can invest is ₦50,000,000.00.

Interest is paid quarterly (every three months) directly into the investor’s bank account. The coupon (interest income) is tax-free.

Yes, you can sell your FGN Savings Bonds before maturity through the secondary market via the Nigerian Exchange Limited retail bond market. You must authorize your stockbroker to sell your bond.
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