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).
Long term debt instrument.
It is listed on the stock exchange and is therefore tradable.
Government bonds are tax-free.
The minimum amount a customer can invest in Bonds is N50,001,000.00 for primary auction and an N100million for the secondary market. However, the Bank can sell from its position on a daily basis to customers.
An alternate form of investment.
A statutory requirement for some Corporate institutions