FGN Savings Bond Notification for October 2024

Image Credit: FSDH

October 8, 2024/FSDH Update

The October 2024 FGN Savings Bond has begun. Kindly find the summary of Offer below: 

2-Year FGN Savings Bond due October 16, 2026: 17.084% per annum

3-Year FGN Savings Bond due October 16, 2027: 18.084 % per annum 

              Opening Date: October 7, 2024

              Closing Date:  October 11, 2024

              Settlement Date: October 16, 2024

ISSUER: Federal Government of Nigeria (“FGN”).

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:  January 16, April 16, July 16, October 16

REDEMPTION: Bullet repayment on the maturity date 

How to Invest in the FGNSB

  1. Please print and carefully complete the FGNSB application form.Please click here to view a copy of the application form.
  2. Issue a cheque/draft or transfer the amount you intend to invest into the following bank account: Plus N50.00 Stamp Duty Charge.

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