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.