[Making money] This is what you get if you buy the latest FGN Savings Bond

The Eleventh tranche of the FGN Savings Bond has begun. Kindly find the Summary of January 2018 Offer below:

  • 2-Year FGN Savings Bond due January 17, 2020: 11.098% per annum
  • 3-Year FGN Savings Bond due January 17, 2021: 12.098% per annum
  • Subscription for the bond opens on January 8, 2018 and closes on January 12, 2018. Settlement date for  the bond is on January 17 2018
  • UNITS OF SALE: N1,000 per unit subject to a minimum Subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000.
  • Coupon Payment Date: April 17, July 17, October 17, January 17.

REDEMPTION (Payment of Principal)

  • Bullet repayment on the maturity date

What you get when you invest?

Invest N100k

What you get – N11k per annum for 2 years, N12k per annum for 3 years

Invest N500k

What you get – N55,400 for 2 years, N60,490 for 3 years

Invest N1 million 

What you get – N110,800 for 2 years, N120,900 per annum for 3 years

Remember interest is paid quarterly. To get how much you earn quarterly divide what you get above by 4.

Here is a copy of the notice.