Description
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). Investors earn interest on bonds semi-annually or quarterly.
Features
- It is a long-term debt instrument.
- FGN Bonds are listed on the stock exchange and are therefore tradable.
- Risk-free investment because it is backed by the full faith and credit of the Federal Government.
- Government bonds are tax-free.
- Coupon or interest is paid into an account designated by the investor within the duration of the bond while the principal is repaid at maturity.
- The minimum subscription is ₦50.0m, however you can purchase FGN bonds through Afrinvest Securities Limited with a minimum of ₦20.0m only.
Benefits
- Guaranteed principal and returns (zero default risk)
- Income earned on FGN bonds are tax-free and can be used as collateral for short-term borrowings from commercial banks.
- Fixed and regular income.
- Bonds lock in investments against fluctuations
How To Invest
- Simply send an email to brokerageteam@afrinvest.com, or call +234-8035223512 to indicate interest.
- Choose your preferred FGN bond.
- Fund your in-house account (detailed below) with the Face Value you wish to invest.
Frequently Asked Questions
Products
MUTUAL FUNDS
FIXED INCOME AND MONEY MARKET
EQUITIES
MANAGED SOLUTIONS