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Debt Management Office. 2. Applications must be for a minimum of N10,000 and thereafter, in multiples of N1,000. The value(s) of bonds for which application(s) is/are made and the value of the cheque/Bank draft attached should be entered in the appropriate box. 3. i. The applicant(s) should insert the full title of the Bond for which he is/they are bidd.

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FGN Bonds are typically long-term investments ranging from 3 to 50 years issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria (FGN). Features. Long term debt instrument. It is listed on the stock exchange and is therefore tradable. Government bonds are tax-free.

ing to a statement on the DMO's website, the first offer is a two-year FG savings bond due on February 15, 2025, at a 10.043 per cent interest rate per annum. The second offer is a three-year FG savings bond due on February 15, 2026, at an interest rate of 11.043 per cent per annum.

Unlike treasury bills, FGN savings bonds have a duration of between two and three years. Treasury bills are not more than one year with shorter tenors of 91 days and 182 days. Treasury bills rates are determined by the forces of demand and supply.

Requirements to buy FGN Bonds Complete the application forms and submit through any of the PDMMs. Common-price auction system is normally employed as opposed to multiple price auctions. Payments for the allotment are payable in full on application. Minimum of N50,001,000.00 and multiple of N1,000.00, thereafter.

In a statement on Monday, DMO said the first offer is a two-year FGN savings bond due in April 12, 2025, at an interest rate of 10.033 percent per annum. The second issuance, the agency said, is a three-year FGN savings bond maturing on April 12, 2026, at 11.033 percent per annum interest rate.

In contrast to notes and bonds, Treasury bills are the shortest-term government investment and mature in four weeks to one year. Treasury bills are also known as zero coupon bonds, meaning unlike bonds and notes, they don't pay a fixed interest rate.

FGN Bonds are debt securities (liabilities) of the Federal Government of Nigeria (FGN) issued by the Debt Management Office (DMO) for and on behalf of the Federal Government. The FGN has an obligation to pay the bondholder the principal and agreed interest as and when due.

If the money will be needed in the short term, a Treasury bill with its shorter maturity might be best. For investors with a longer time horizon, Treasury bonds with maturities up to ten years might be better.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232