ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

DMO calls for investments in FGN Savings Bond

1st February 2021
in Business, National
0
DMO calls for investments in FGN Savings Bond
0
SHARES
113
VIEWS
Share on FacebookShare on Twitter

From Uche Usim, Abuja

The Debt Management Office (DMO) on Monday called for investments in the Federal Government of Nigeria (FGN) Savings Bond with two-year tenure and three-year tenure.

The bond, DMO noted, is backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of the country.

According to the agency, the interest payment will be payable quarterly.

The agency, in a statement, revealed that the two-year bond would be due on February 10, 2023, and attracts 4.214 per cent interest rate per annum; while the three-year bond, with February 10, 2024, as due date, has a higher rate of 5.214 per cent per annum.

The DMO added that units of sale are put at a minimum subscription of N5,000 and in multiples of N1,000 thereafter.

The statement said: ‘Investors can only apply for a maximum subscription of N50,000,000.

‘Applications opened yesterday and would close on February 5, 2021, with Settlement Date set for the 10th of this month. Coupon Payment Dates are 2021 May 10, August 10, November 10 and February 10.’

On the status of the offer, the DMO said: ‘It qualifies as securities in which trustees can invest under the Trustee Investment Act; as government securities within the meaning of Company Income Tax Act (“CITA”) and Personal Income Tax Act (“PITA”) for Tax Exemption for Pension Funds, amongst other investors; and qualifies as a liquid asset for liquidity ratio calculation for banks.’

Tags: Bondsdebt management officeDMOFGNFGN Savings Bondgovernment bondsinvestmentssavings bond
David

David

Sun News Online team

Related Posts

sultan
National

Sultan to Northern governors: You must be in a hurry to arrest insecurity

25th February 2021
Drug war: Marwa reads riot act to NDLEA Commanders
National

NDLEA: Marwa asks Nigerians to take ownership of fight against drug abuse

25th February 2021
Use your youthful energy to implement reforms, ensure fair and balanced fight against corruption, CISLAC tells EFCC boss
National

Use your youthful energy to implement reforms, ensure fair and balanced fight against corruption, CISLAC tells EFCC boss

25th February 2021
Next Post
Momoh's storied life source of inspiration to present, future generations - APC

Momoh's storied life source of inspiration to present, future generations - APC

Ahmed Musa arrives UK today for West Brom’s medical

Ahmed Musa arrives UK today for West Brom’s medical

Herbalist in court over alleged N1.2m fraud

Court shuts down Abuja’s biggest markets,Plazas, convicts 100 over face mask violation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Use your youthful energy to implement reforms, ensure fair and balanced fight against corruption, CISLAC tells EFCC boss

Illicit financial flow: Buhari welcomes launch of FACTI Panel Report

Rape, kidnapping attract death sentence in Jigawa

Declare total, unsparing fight against corruption, APC charges new EFCC boss

Attempt to assasinate IPOB lawyer foiled

COVID-19: FG to present supplementary budget for vaccination

Trending

Politics

INEC fixes Aba North/South bye-election March 27

25th February 2021
0

From Romanus Ugwu, Abuja The Independent National Electoral Commission (INEC), has fixed March 27, 2021 for the...

sultan

Sultan to Northern governors: You must be in a hurry to arrest insecurity

25th February 2021
Drug war: Marwa reads riot act to NDLEA Commanders

NDLEA: Marwa asks Nigerians to take ownership of fight against drug abuse

25th February 2021
Use your youthful energy to implement reforms, ensure fair and balanced fight against corruption, CISLAC tells EFCC boss

Use your youthful energy to implement reforms, ensure fair and balanced fight against corruption, CISLAC tells EFCC boss

25th February 2021
Buhari assures Konare of Nigeria’s expected key role in subregion, continent

Illicit financial flow: Buhari welcomes launch of FACTI Panel Report

25th February 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist