Savings Bond is issued monthly in tenors of two and three years with quarterly payment of coupons (interest) at a rate predetermined
The Federal Government of Nigeria has listed its April 2024 Savings Bond worth N4.214 billion on the Nigerian Exchange Ltd. platform. The listing was announced by Mr. Godstime Iwenekhai, Head of the Issuers Regulation Department at NGX , in a market bulletin. Iwenekhai detailed the bonds, including FGS April 2026, consisting of 1.228 million units…
He also stated that FGS April 2027, comprising 2.986 million units amounting to N2.986 billion, with a coupon rate of 18.046 per cent, was listed. “FGN Savings Bond is issued monthly in tenors of two and three years with quarterly payment of coupons at a rate predetermined and published by the DMO every month,” he said.
According to him, the product was also aimed at bridging infrastructure deficit, which has been a constraint to economic growth.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Coronation Group Limited, Africa's premier financial services partner dedicated to driving transformative change and prosperity, has announced its Gold sponsorship of the esteemed 2024 Africa CEO Forum, set to be held in Kigali, Rwanda on the 16th and 17th of May. The Securities and Exchange Commission has pledged to work with the Economic and Financial Crimes Commission to reduce the manipulation of the naira.
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