FGN cash bond savings

FGN cash bond savings FGN savings bond is a government bond offered to its citizens to help fund federal spending, and whi What is an FGN Savings Bond?

FGN savings bond is a bond issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria. The bond is tailored and targeted at retail investors with guaranteed quarterly interest payment and repayment of the principal at maturity. Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interestopens a layerlayer closed payments along the way, usually twice a year. savings bond is a government bond offered to its citizens to help fund federal spending, and which provides savers with a guaranteed, although modest, return. These bonds are issued with zero coupon at a discount with an implied fixed rate of interest over a fixed period of time.

Address

Head Office, , NDIC Building (1st Floor), , , Plot 447/448 Constitution Avenue, , , Central Business District, , , P. M. B. 532, Garki Abuja, Nigeria. +12244422508
Abuja
900271

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
Saturday 09:00 - 17:00

Telephone

+2349133979633

Website

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