You can buy FGN Bonds (Federal Government of Nigeria Bonds) through both banks and investment apps—but not directly like regular shopping or savings accounts.
Here’s the clear breakdown:
1. Where you can buy FGN Bonds
A. Banks (Very common and reliable)
You can buy through the investment/wealth management desk of banks, especially:
GTBank (via wealth management)
Zenith Bank
First Bank
Access Bank
Stanbic IBTC
UBA
How it works in banks:
You go to the bank (or contact your relationship manager)
Ask for FGN Bonds / Government Securities desk
They place the order for you during bond issuance or secondary market
✔ Safe
✔ Guided process
❌ Usually higher minimum investment for regular bonds
B. Licensed Stockbrokers (MOST IMPORTANT CHANNEL)
FGN Bonds are officially sold through licensed stockbrokers approved by the Debt Management Office (DMO).
Examples include:
Afrinvest
ARM Securities
Stanbic IBTC Stockbrokers
Meristem
Cordros Capital
How it works:
Open a CSCS account (your investment holding account)
Fund your account
Your broker subscribes for FGN bonds on your behalf
✔ Official channel for primary market
✔ Access to auctions and secondary market
✔ Can invest from lower amounts (especially savings bond type)
C. Investment Apps (Easiest for beginners)
Apps that allow FGN bond investment:
Bamboo
Chaka
Risevest (limited bond exposure depending on product)
Meristem App
ARM Engage
These apps usually:
Link you to licensed brokers
Let you buy government securities in smaller portions
✔ Very easy
✔ Mobile-based
❌ Not all apps show full bond offerings all the time
D. Direct government issuance (DMO auctions)
This is the “wholesale” method:
Done monthly by the Debt Management Office (DMO)
You must go through a Primary Dealer Market Maker (bank or broker)
✔ Best rates
❌ Not practical for beginners (high minimums like ₦50 million for some bonds)
2. Important clarification (many people confuse this)
There are TWO main types:
1. FGN Savings Bond (Retail)
Minimum: about ₦5,000
Bought via brokers/apps
Designed for ordinary investors
2. Regular FGN Bonds
Minimum: often ₦50 million in primary market
Mostly for institutions/high-net-worth investors
3. Simple answer to your question
Yes—you can buy FGN Bonds:
Through banks (wealth desk)
Through licensed stockbrokers
Through investment apps linked to brokers
But the MOST common and easiest route today is: 👉 Stockbroker or investment app
4. If you are starting out (important advice)
Since you’re still building your investment knowledge:
Start with FGN Savings Bond or Money Market Funds first
Then move into full FGN Bonds later