Issued by the Debt Management Office on behalf of the Federal Government of Nigeria (FGN), the Savings Bond is part of a programme to encourage small savers, helping them earn more income (interest) when compared to a savings account domiciled with banks.
Sharing an immediately available opportunity, Wealth Management Advisor and certified financial instructor, Financial Jennifer says:
The Federal government has done it again!
I promised to notify us once this month’s FGN savings bond is open. It’s time. And this month’s offer is very very attractive. They will pay you up to 18.4% in interest if you invest as little as 5k
Minimum amount – 5k
Duration- 2 or 3 years. You decide.
Deadline- Friday 10th [May, 2023]
Interest rate – 17.4% and 18.4% on 2 and 3 years respectively.
This is paid quarterly.
Investors are able to increase their income with dividend payments every Quarter (three months) on profits from the Fund.
Jennifer continues:
Let’s break it down. 📌Assuming you invest 1M in the 3 years offer, at 18.4%, your interest each year will be about 184k. They will divide this 184k into 4 and pay it 4 times in a year. On Aug, Nov, Feb and May, you will be paid 46k each. And that’s how you will be receiving it from now till the next 3 years, after which you get back your 1M
Yes, with investments, you can eat your cake and have it again😍
📌How to key into this opportunity: Reach out to any investment bank like Afrinvest.
The 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.