FGN Savings Bonds Sale For April Starts Today
We told you last month that the federal government plans to borrow from ordinary Nigerians as part of plans to get the money to fund its budget.
The debt management office, which is issuing the debt on behalf of the federal government, started selling the bond in March. That first phase lasted for one week.
This April, starting from today, the DMO again offers for subscription the 2-Year and 3-Year FGN Savings Bond which will be paid back April 12, 2019 and 2020 at 12.794% and 13.794% respectively.
The April 2017 offer will close on Friday, 7th April 2017.
The minimum subscription amount for the FGN Savings Bond is pegged at 5,000 Naira and the maximum is 50,000,000 Naira.