Further Update on the Federal Government of Nigeria Savings Bond (FGNSB) on a recent development in the Nigerian Bond market
targeting retail investors. The purpose of this communication is to
sensitize you on the “new” product
about to hit the market.
The Federal Government of Nigeria in a bid to
improve the savings culture of the average Nigerian and enable them
participate in the Nigerian Bond market, has announced its intention to
commence regular issuance of Federal Government
of Nigeria Savings Bond (FGNSB) through the Debt Management Office
(DMO).
The Savings Bond will have almost all the features of the
existing FGN Bond plus other features/benefits to the bondholder…
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