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What Is the Difference Between Bonds and Treasury Bills in Nigeria?
I’m not sure about treasury bills. But I know there are different types of bonds. Bonds offered by licensed companies listed on the NGX and the Federal Government (FGN) bond itself. I will always recommend the FGN bond because it is always guaranteed, nothing will make you not receive your dividendsRead more
I’m not sure about treasury bills. But I know there are different types of bonds. Bonds offered by licensed companies listed on the NGX and the Federal Government (FGN) bond itself.
I will always recommend the FGN bond because it is always guaranteed, nothing will make you not receive your dividends and your capital at the end of the contract you signed up for.
By contract, I mean the number of years you wish to invest. The highest is 3 years tenure. And you get your dividend every quarter of the year till the end of the tenure.
The FGN bond is always announced at the first week of every month and stays open for 5 days. So, always look out for the announcement and make sure you invest before it closes else you’ll wait till the next month.
And the minimum capital you can start with is N5,000 and the highest is 50Million. I will also recommend that you download the InvestNaija App and also follow Chapel Hill Danhem on Facebook for quick updates about FGN bond opening. I hope this answers your question to some extent.
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