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FG Implements Zero VAT for Pharmaceutical Products

Federal Ministry of Health and Social Welfare said it has finalised the Executive Order Harmonized Implementation Framework that abolishes Value Added Tax (VAT) and...
HomeUncategorizedFGN Savings Bond Now Open for Subscription

FGN Savings Bond Now Open for Subscription

The 2-Year FGN Savings Bond due June 12, 2026, and 3-Year FGN Savings Bond due June 12,2027 are now open. The bonds are offered at 17.414% and 18.414% per annum, respectively. The minimum subscription for FGN Savings Bond is ₦5,000.00.Submission of subscription ends 9:00 am on Friday, June 7, 2024

Details of the Savings Bond

 Offer Open Date   Monday, June 3,2024
Offer closure Date  Friday, June 7,2024
Settlement Date  Wednesday, June 12, 2024
Coupon Payment Dates  September 12, December 12, March 12, June 12

 

About FGN Savings Bond?
FGN Savings Bond is a Fixed Income instrument issued by the Federal Government.
The bond is targeted at low-income earners to encourage savings and also earn more income (interest) when compared with their savings account with banks.