The Debt Management Office (DMO), has announced the opening of two Federal Government (FGN) savings bonds for subscription at N1000 per unit.
According to details obtained from DMO’s Website, investors are entitled to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, and subject to a maximum subscription of N50 million.
“They qualify as securities to which trustees can invest under the Trustee Investment Act.
“It qualifies as a liquidity ratio calculation for banks,” DMO stated.
It added that the bonds were backed by the full faith and credit of the Federal Government, and charged upon the general assets of Nigeria. (NAN)