• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria’s bond accommodates retail, fixed-income investors

Bond

The Matters Press by The Matters Press
June 24, 2022
Reading Time: 2 mins read
0
Nigeria’s N225bn bonds oversubscribed

A Stockbroker, Mr Abiodun Fagbohun, has said that Debt Management Office designed the Federal Government of Nigeria (FGN) bond to accommodate small-time, retail investors.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Fagbohun, the Chief Executive Officer of the stockbroking firm of the Federal Government, CSL Stockbrokers Limited, said on Friday in Abuja.

Fagbohun spoke against the backdrop of the FGN Securities Issuance Awareness programme being organised by the DMO and CSL.

DMO and CSL had held the awareness programme in Lagos, Enugu, Ibadan, with the next one scheduled for Kano on June 28.

According to Fagbohun, the DMO, along with the stockbroking community, is trying to ensure that the general public can participate in the bond market.

He said that what existed in the past were mostly institutional markets like banks and pension fund administrators taking advantage of the FGN products.

“We now created this window through the FGN Savings bond, whereby retail investors with as low as N5, 000 can also participate in the market.

“For example, if you put about 10,000 in your savings account, you will earn like two per cent interest per annum.

“But with the FGN Savings bond, you can earn between nine per cent and ten per cent interest per annum.

“It is a good opportunity which was not there for the retail investors before now,’’ he said.

He said that holding the programme in parts of the country was informed by the need to take the awareness close to the people.

“We have been to Lagos, Enugu and Ibadan. We will be in Kano next week informing the general public about the availability of this product and how it works,’’ he said.

According to Fagbohun, response to the awareness programmes has been positive adding that all that is needed is improvement on the publicity.

“We should let people know about the product and also make it easy for them to subscribe,’’ he said.

He said that the idea of the Federal Government borrowing through the various FGN securities was not a problem, provided the borrowings were judiciously utilised.

“nobody has a problem with debt. Households take loans; businesses take loans. Such debts should be used for infrastructure projects and for the productive sector of the economy.

“The government has to make sacrifices, and ensure fiscal, prudence and continue to ensure that scarce resources are judiciously allocated,’’ he said.

Tags: Bond
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Nigeria disburses N56bn to MSMEs

Lagos MSMEs fair will improve growth opportunities, diversification

IPMAN, NUPENG tango over illegal increase in petrol price

IPMAN warns no guarantee for regular supply of petroleum products

Recommended Stories

Siemens’ transformers for Nigeria pass acceptance test

Siemens’ transformers for Nigeria pass acceptance test

July 31, 2022
Economic implications of Niger coup to Nigeria, ECOWAS

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
FEC approves 2019 budget

FEC approves 2019 budget

December 7, 2018

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us