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UdokaChiemezieNnajiofor
Asked: 2026-03-23T19:58:12+00:00 In:

How Can I Invest Over ₦50 Million in Federal Government Bonds in Nigeria?

If I want to invest more than fifty million naira in a Federal Government Bond Offering, how do I go about it?

federal government bond

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17 Answers

  1. Justice Ikechi

    Mr Udoka, you have to understand first, what your financial goal plan is, either long term or short term, having examined this, you can proceed to used any government licensed broker to invest like investnaija, afriinvest, bamboo etc. After filling kyc, you can start your investment plan, also noteRead more

    Mr Udoka, you have to understand first, what your financial goal plan is, either long term or short term, having examined this, you can proceed to used any government licensed broker to invest like investnaija, afriinvest, bamboo etc. After filling kyc, you can start your investment plan, also note that the maximum amount to invest on Government bond is 50,000,000 million Naira, and 5000 Naira as the minimum.. But then make more research and seek the counsel of an experienced financial investor

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  2. Clinton
    This answer was edited.

    The amount to invest doesn't require a different approach,the same way you would invest 5k is same way you will use to invest 50M,if you don't actually know how to invest at all,then you should first open an account with a broker,then wait till the bond is live,you fund your wallet with the amount yRead more

    The amount to invest doesn’t require a different approach,the same way you would invest 5k is same way you will use to invest 50M,if you don’t actually know how to invest at all,then you should first open an account with a broker,then wait till the bond is live,you fund your wallet with the amount you want to invest with and subscribe to it

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  3. Ochoyoda
    Contributor

    If you’re investing ₦50 million or more, you’re already in the institutional/high-net-worth category for Federal Government bonds in Nigeria. That’s good—because it gives you direct access to the main (primary) FGN bond market, not just the retail savings bonds. But first of all let me quote my mentRead more

    If you’re investing ₦50 million or more, you’re already in the institutional/high-net-worth category for Federal Government bonds in Nigeria. That’s good—because it gives you direct access to the main (primary) FGN bond market, not just the retail savings bonds.

    But first of all let me quote my mentor Iking Ferry and I (quote).Let me break it down in such a way that even mama Ngozi in Obinze tomato 🍅 market will understand.

    Here’s a precise, real-world breakdown of how to do it.

    1. Understand What You’re Buying

    Debt Management Office issues FGN bonds.

    You are lending money to the Federal Government

    You receive fixed interest (coupon) every 6 months

    Your capital is returned at maturity

    It’s considered risk-free in Nigeria and tax-free income �

    dmo.gov.ng +1

    2. Minimum Investment Requirement (Important)

    For the main FGN bonds (not savings bonds):

    Minimum: ₦50,001,000

    Then multiples of ₦1,000 after that �

    dmo.gov.ng +1

    👉 That means your ₦50M qualifies exactly for entry into the primary auction market.

    3. Two Ways to Invest (You Should Know Both)

    A. Primary Market (Best for You)

    This is where you buy directly from government auctions.

    Process:

    Choose a Primary Dealer (PDMM)

    Usually big banks or top stockbrokers

    Examples:

    Banks (Access, Zenith, GTBank, etc.)

    Stockbrokers like Chapel Hill Denham, Stanbic IBTC

    Open Required Accounts

    Bank account (you already have)

    CSCS account (for holding securities) �

    The Best Credit

    Submit a Bid

    Fill FGN Bond auction form

    State:

    Amount (₦50M+)

    Desired yield (or accept market rate)

    Auction Happens Monthly

    Conducted by DMO

    Your bank/broker submits on your behalf �

    dmo.gov.ng

    Payment & Allocation

    If successful → you pay fully

    Bonds credited electronically (CBN system)

    B. Secondary Market (Easier, Flexible)

    You can buy already-issued bonds anytime:

    Through stockbrokers or banks

    Traded on:

    NGX

    FMDQ OTC platform �

    dmo.gov.ng

    👉 Advantage:

    No need to wait for auction

    You can negotiate yield/price

    4. What Returns to Expect (Reality Check)

    Typical FGN bond yields (recent environment):

    ~14% – 19% annually (varies by tenor & inflation)

    If you invest ₦50M:

    At 15% yield → ₦7.5M yearly

    Paid semi-annually → ~₦3.75M every 6 months

    5. Key Strategy for ₦50M+ Investors

    Instead of putting all in one bond:

    Smart Allocation Example:

    ₦20M → 5-year bond

    ₦20M → 10-year bond

    ₦10M → shorter tenor or T-bills

    👉 This gives:

    Liquidity

    Interest rate risk balance

    Reinvestment flexibility

    6. Important Things Most People Don’t Know

    ✔ You Don’t Need to Hold Till Maturity

    You can sell anytime in the secondary market �

    dmo.gov.ng

    ✔ Your Bonds Can Be Used as Collateral

    Banks accept them for loans �

    dmo.gov.ng

    ✔ Interest is Tax-Free

    This is a major advantage over fixed deposits �

    dmo.gov.ng

    7. Common Mistakes to Avoid

    ❌ Going through unlicensed agents

    ❌ Not negotiating yield (important in primary market)

    ❌ Putting all money in one tenor

    ❌ Ignoring inflation vs yield

    8. Practical Next Step (What You Should Do Now)

    Since you already have serious capital:

    Walk into:

    Your bank (Access Bank wealth desk) OR

    A licensed broker (e.g. Chapel Hill Denham)

    Tell them clearly:

    “I want to participate in the next FGN bond auction with ₦50M”

    Ask for:

    Current bond offer circular

    Available tenors and yields

    Their advisory recommendation

    9. Alternative You Should Consider (Important for You)

    Since you asked earlier about halal investing:

    Look into FGN Sukuk (Islamic bonds)

    These are Sharia-compliant (no interest)

    Bottom Line

    With ₦50M, you’re not a small investor—you’re entering the core sovereign debt market. The best route is:

    👉 Primary market via a bank or broker

    👉 Then actively manage via secondary market if needed

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  4. Princeshola

        Eligibility and Requirements - You must be a Nigerian citizen or a resident with a valid identification and bank account. - Minimum investment amount is ₦5,000, but since you're investing ₦50 million, you'll be dealing with a different process. - You'll need a Central Securities CleariRead more

     

     

    Eligibility and Requirements

    – You must be a Nigerian citizen or a resident with a valid identification and bank account.

    – Minimum investment amount is ₦5,000, but since you’re investing ₦50 million, you’ll be dealing with a different process.

    – You’ll need a Central Securities Clearing System (CSCS) account, which can be opened through a licensed stockbroker

     

    Investment Options

    – *FGN Savings Bonds*: Designed for retail investors, with a minimum entry of ₦5,000 and a maximum of ₦50 million per investor.

    – *FGN Bonds*: Longer-term investments (5-30 years) suited for institutional investors, with a minimum of ₦50 million.

    – *Treasury Bills*: Short-term securities with maturities of 91, 182, or 364 days ¹ ² ⁴.

     

    How to Invest

    1. *Open a CSCS Account*: Approach a licensed stockbroker or authorized dealer.

    2. *Choose Your Bond*: Select from FGN Savings Bonds, FGN Bonds, or Treasury Bills.

    3. *Subscribe*: Fill out the subscription form and make payment through your stockbroker or bank.

    4. *Earn Interest*: Receive quarterly interest payments, with principal repayment at maturity.

     

    Current Rates and Offers

    – 2-Year FGN Savings Bond: 14.396% per annum

    – 3-Year FGN Savings Bond: 15.396% per annum

    – Check the Debt Management Office (DMO) website for latest rates and offers ² ³.

     

    Some popular banks for investing in government bonds include Zenith Bank, GTBank, Access Bank, and Stanbic IBTC.

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  5. Grateful Wisdom

    To invest over ₦50,000,000 in FGN saving bonds Note :the maximum amount to invest in FGN saving bonds is ₦50,000,000 and the minimum is ₦5000, so the Government won't borrow more than ₦50,000,000 from you in FGN saving bonds So to invest you will have to wait for the offer to be declared for investoRead more

    To invest over ₦50,000,000 in FGN saving bonds

    Note :the maximum amount to invest in FGN saving bonds is ₦50,000,000 and the minimum is ₦5000, so the Government won’t borrow more than ₦50,000,000 from you in FGN saving bonds

    So to invest you will have to wait for the offer to be declared for investors who which to buy, it’s no t always available all the time compared to MMMF.

    So the easiet way you can invest is to download any stockerage app, that is registered with the SEC. SEC is a body in Nigeria that regulates the capital market, and makes sure capital market operators don’t do any how with investors money.

    Example of stockerage (stockbroker) that helps investors buy FGN bonds in Nigeria are

    Stanbic IBTC Stocbrokers Limited

    Afrinvest Securities Limited

    Investnaija by Chapel Hill Debra Funds(I use this one),

    Etc.

    Any other stockbroker that has FGN saving bonds as far as it is SEC regulated and registered.

    You will sign up with the app and provide your accurate details and information in order for your cscs and chn to be activated

    Then you transfer funds from your bank account to the stockbroker app when the offer is available you buy it.

    It’s a long term investment usually 2-3 years.

    For example 2 years may be given at the interest rate of 14% and 3 years at 15%

    Let’s, say you invest ₦50,000,000 for 2 years at the rate of 14%, that will be ;

    14% of ₦50,000,000 =₦7,000,000

    Then the interest of ₦7,000,000 will be paid to you 8 times, that is 4 times a year, for two years is 8 times

    Then ₦7,000,000 divided by 8=  ₦875,000

    You will be receiving ₦875,000 eight times in two years then after the end of the two years your full capital of ₦50,000,000 will be returned back to you.

    One nice thing about FGN saving bonds is that it’s tax free and I can’t also be used as a collateral to laon money from a bank if there is no asset  to use. Banks even prefer bonds as collateral to landed property because it is easy to withdraw the funds when needed without stressing their staffs.

    Incase you don’t want to do it on your own using stockbroker, you can go to o your bank and tell them, they will guide you through and you buy it.

     

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  6. ADEBIMPE OLORUNDARE EZEKIEL

    FGN bond gives cover to your capital at the lapse of your preferred tenure as well you receive your interest quarterly. Bottom line  provided such money is not meant for emergency need .  

    FGN bond gives cover to your capital at the lapse of your preferred tenure as well you receive your interest quarterly.

    Bottom line  provided such money is not meant for emergency need .

     

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  7. Paul

    If you’re looking to invest over ₦50 million in Federal Government Bonds in Nigeria, the process is actually straightforward—but it requires the right channel and structure.   Here’s how it works:   1. Go through an authorized channel FGN Bonds are issued by the Debt Management Office andRead more

    If you’re looking to invest over ₦50 million in Federal Government Bonds in Nigeria, the process is actually straightforward—but it requires the right channel and structure.

     

    Here’s how it works:

     

    1. Go through an authorized channel

    FGN Bonds are issued by the Debt Management Office and distributed via approved institutions.

    You can invest through:

     

    – Commercial banks

    – Licensed stockbrokers

    – Primary Dealer Market Makers (PDMMs)

     

    2. Understand the minimum structure

    FGN Bonds typically have a minimum subscription (often around ₦50,001,000 for primary offers), which puts you right within institutional-level participation.

     

    3. Participate during an offer (Primary Market)

    When a new bond is issued, you submit your bid through your bank or broker.

    You’ll choose:

     

    – The amount

    – The yield (interest rate) you’re willing to accept

     

    4. Alternative: Buy from the Secondary Market

    If you miss the primary offer, you can still purchase existing FGN Bonds through the Nigerian Exchange Group via a broker.

     

    5. Returns & payouts

     

    – Interest is paid semi-annually

    – Capital is returned at maturity

    – Backed by the Federal Government, so default risk is considered low

     

    FGN Bonds are not just “safe investments”—they are capital preservation and income instruments.

     

    If you’re deploying ₦50M+, the real question is not just how to invest…

    It’s how that capital fits into your overall portfolio structure (liquidity, growth, and long-term yield).

     

    If you’re considering deploying funds at this level and want clarity on:

     

    – Yield positioning

    – Entry timing

    – Or how to structure across bonds, bills, and equities

     

    Send me a message or drop a comment.

    I’ll break it down based on your specific position.

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  8. Adamu Yusuf

    Minimum for FGN Bonds (auction): ₦50,001,000 You must invest through a bank (PDMM) like Access, Zenith, or GTBank Fill a subscription form and submit before the monthly auction Ensure your account is fully funded If allotted, you receive: Fixed interest (paid twice yearly) Capital at maturity AlternRead more

    • Minimum for FGN Bonds (auction): ₦50,001,000
    • You must invest through a bank (PDMM) like Access, Zenith, or GTBank
    • Fill a subscription form and submit before the monthly auction
    • Ensure your account is fully funded
    • If allotted, you receive:
      • Fixed interest (paid twice yearly)
      • Capital at maturity

    Alternative:
    Buy anytime via a stockbroker or bank in the secondary market (faster and flexible).

    Bottom line:
    Use a bank or broker, fund your account, and invest either through the monthly auction or secondary market.

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  9. Edith Ejenavwo
    Beginner

    FG bonds are safe and returns are guaranteed, but as an investor, it is imperative to diversify. FG bonds can only be withdrawn at maturity, which could take some years, but there are other aspects of the stock market you could spread your 50 million into. You can invest some of it on FG bond, whileRead more

    FG bonds are safe and returns are guaranteed, but as an investor, it is imperative to diversify.

    FG bonds can only be withdrawn at maturity, which could take some years, but there are other aspects of the stock market you could spread your 50 million into.

    You can invest some of it on FG bond, while other part of the money could be invested in a more liquid asset, e.g stocks that you can buy and sell at anytime, without a maturity clause.

    It is also imperative to keep some emergency funds, so you won’t be stranded while locking away your money for some period of time.

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  10. Rose
    Contributor Profile Credentials
    This answer was edited.

    There is no special or separate process because your money is ₦50 million. Yes… 👉 Whether ₦500,000 or ₦500 million 👉 The process is the same The difference is just the amount you apply with. What You Are Investing In Federal Government Bonds in Nigeria are issued by: 👉 Debt Management Office (DMO) TRead more

    There is no special or separate process because your money is ₦50 million.

    Yes…

    👉 Whether ₦500,000 or ₦500 million 👉 The process is the same

    The difference is just the amount you apply with.

    What You Are Investing In

    Federal Government Bonds in Nigeria are issued by:

    👉 Debt Management Office (DMO)

    These are:

    • long-term government securities • very low risk (backed by government) • pay interest every 6 months

    Oya… Here Is the Step-by-Step Process

    STEP 1: Open a Stockbroker Account

    You MUST go through a licensed stockbroker.

    They will:

    • process your application • submit your bid • manage your bond investment

    STEP 2: Get a CSCS Account

    This is where your bond will be stored.

    👉 Think of it as your investment “vault”

    Most brokers will help you open it if you don’t have one.

    STEP 3: Wait for Bond Offer Announcement

    The Debt Management Office usually announces bond auctions monthly.

    They will specify:

    • tenor (e.g., 5-year, 10-year) • interest rate (or yield range) • auction date

    STEP 4: Submit Your Bid

    Now this is very important.

    There are two ways to apply:

    Option A: Competitive Bid (Advanced)

    You specify:

    • the interest rate you want

    Risk:

    • if your rate is too high → you may not get allocation

    Option B: Non-Competitive Bid (Recommended for most people)

    You say:

    👉 “Give me at the market rate”

    Advantage:

    • you are almost guaranteed allocation

    STEP 5: Minimum Investment Rule

    Here is the key detail many people don’t know:

    👉 Minimum is ₦50,001,000 (₦50 million + ₦1,000)

    After that:

    • you can add in multiples of ₦1,000

    So your ₦50M+ fits perfectly.

    STEP 6: Make Payment

    Once your bid is accepted:

    • your broker will debit your account • bonds will be allocated

    STEP 7: Start Earning Interest

    You will receive:

    👉 interest (coupon) every 6 months

    And at maturity:

    👉 your full capital is returned

    Alternative (If You Don’t Want Stress)

    You can also buy bonds through:

    • banks • asset managers

    Or even:

    👉 buy already-issued bonds in the secondary market

    Let Me Be Honest With You

    At ₦50 million level…

    You should start thinking beyond just “buying bonds.”

    You should think:

    • portfolio diversification • mixing bonds + equities + money market • managing inflation risk

    Because bonds alone may not maximize your wealth growth.

    Final Truth

    Investing ₦50 million in government bonds is:

    👉 safe 👉 structured 👉 predictable

    But:

    👉 it should be part of a bigger strategy — not the only strategy.

    Let Me Leave You With This

    Having capital is one thing.

    Knowing how to position it is another.

    So ask yourself:

    • Am I only protecting my money… or also growing it? • What is my long-term financial goal?

    Because real wealth is built when:

    👉 safety and growth work together.

    Rose Ejituru

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  11. Miebakagh
    BA History

    To invest over N50,000,000.00 in the Federal Government of Nigeria Savings Bond is worthwhile. It is not risky, provide you still have more money, say emergency funds aside to handle your weekly expenses. Again, it is not risky if you are still on your regular job. Federal Government of Nigeria SaviRead more

    To invest over N50,000,000.00 in the Federal Government of Nigeria Savings Bond is worthwhile.

    It is not risky, provide you still have more money, say emergency funds aside to handle your weekly expenses. Again, it is not risky if you are still on your regular job.

    Federal Government of Nigeria Savings Bond, can be short time or long time. It is usually 2 to 3 years in tenure.

    But quarterly interests will be paid to you regularly. And at the end of the tenure say 2 or 3 years, your principal or original sum of money (here the N5Million), is returned.

    What is more? All your earnings are taxe free!

    So investing N5MILLION in the FGN Savings Bond is worthwhile.

    Contact your bankers if their can provide the application form for you.

    Otherwise, go to Stabic ibtc bank, and open a savings account with them.

    And during the first week of the Month (between first Monday and Friday), the application is open.

    Now go to Stabic ibtc bank. Tell them you want to buy the FGN Savings Bond. Their give you form online to fill. They will tell you how to transfer the N50Million to buy the FGN Government of Nigeria Savings Bond.

    But one thing you must not overlooked is that all your personal details in your new Stabic ibtc bank and the bank your N50MILLION is must match.

    Otherwise, the debt Management Office, will rejected your money and reverted it back to the account you transfer it from.

    I have not tried buy the FGN Savings Bond with any stock brokers Applications like the InvestNaija or Bamboo.

    Any quarterly interests you can invest in Money Market Mutual Funds and gain more interest or money.

    Thank you.

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  12. Iking Ferry
    Best Answer
    Fokona CEO Marketing Strategist & Financial Literacy Advocate

    If you have ₦50 Million and you put everything inside FGN Bonds… there is a high chance you will regret it later… not because it is a bad investment… but because you didn’t understand it. Let me explain this in a way that will open your eyes… Imagine Mama Ngozi that sells tomatoes in the village… onRead more

    If you have ₦50 Million and you put everything inside FGN Bonds… there is a high chance you will regret it later… not because it is a bad investment… but because you didn’t understand it.

    Let me explain this in a way that will open your eyes…

    Imagine Mama Ngozi that sells tomatoes in the village… one day she makes big money, say ₦50 million… and instead of keeping the money in her shop or turning it over in her business, she decides to give everything to one very trusted person in the village…

    She tells the person… “Take this money… use it to do something big… just be paying me small money every three months.”

    Now tell me… did Mama Ngozi invest her money… yes

    Is her money safe… yes

    But did she make the best decision… that is where the real question is…

    That is exactly how FGN Bond works…

    You are not giving money to a person… you are giving money to Nigeria itself… the entire country owes you… not any president, not any government official… the country…

    That is why it is very safe… one of the safest in Nigeria…

    But listen carefully…

    Safety does not mean it is right for you…

    That is where most people get it wrong…

    Because once people hear “safe”… they carry all their money and lock it there…

     

    Now imagine Mama Ngozi again…

    After giving out her ₦50 million… something happens in her life… maybe her business needs urgent money… maybe an opportunity comes… maybe a problem comes…

    Then she remembers… “Ah… my money is with that person…”

    But she cannot collect it immediately…

    That is the problem with FGN Bond…

    Your money is working… but your money is also tied down…

    FGN Bond is not like money you can just wake up and withdraw… it is not your savings account… it is not your normal investment you can easily turn to cash…

    You can sell it in the market, yes… but it is not as simple as pressing withdraw…

    Now this is where wisdom comes in…

    If that ₦50 million is just part of your money… maybe you have other income… you have business… you have cash flow… then you are fine…

    But if that ₦50 million is everything you have… or even half of everything you have… then you have just locked your life into one position…

    Because FGN Bond is long-term…

    Two years… three years… five years… even ten years and above…

    This is not money you play with…

    Now let me open your eyes to something many people don’t know…

    FGN Savings Bond that many of you rush into every month has a limit… you cannot just dump unlimited money there at once… it is capped per subscription… and it comes out every month…

    So if you truly want to invest big money… real investors don’t rush… they structure it over time…

    Then there is the main FGN Bond itself… the bigger one… longer duration… usually accessed through brokers and banks… that is where serious money flows…

    Now here is another thing that will shock you…

    While your money is there… it is not sleeping…

    Every three months… the government pays you interest directly… steady… predictable…

    And the most interesting part…

    That money you are receiving… is tax-free…

    No deductions… nothing…

     

    But let me show you the real secret… the one many people don’t understand…

    That bond you bought…

    You can carry it to a bank… and use it as collateral…

    Yes…

    You can collect a loan with it… and use that loan to run business…

    That is how smart people use bonds…

    They don’t just lock money…

    They leverage it…

    Now let me talk to you like someone that wants you to grow…

    If you truly have ₦50 million…

    Don’t let anybody deceive you…

    Don’t put everything in FGN Bond…

    That is not wisdom… that is fear disguised as investment…

    Real investors don’t think like that…

    They structure their money…

    Some part for safety… should be on FGN BOND.

    some part for liquidity… Should be on Money Market Mutual Fund.

    some part for growth… Should be on Business or Stock Market.

    And some part for opportunity… Because life will always present opportunities… And only liquid people take advantage of opportunities…

    Most people are not poor because they don’t have money…

    They are poor because their money is locked in the wrong place at the wrong time…

    So yes… FGN Bond is powerful…

    Yes… it is safe…

    Yes… it pays you…

    But if you don’t understand how to use it…

    It will limit you instead of helping you…

    Think about this…

    Before you invest… don’t just ask “is it safe?”

    Ask yourself…

    “Does this give me flexibility… or does it trap me?”

    That one question alone…

    Will change how you invest forever.

    Here’s How to Buy FGN SAVINGS BOND

    Download any SEC licensed Stock Brokerage App like Investnaija by Chapel Hill Denham, Or Afrinvestor by Afrivest, or Stanbic IBTC.

    My name is Iking Ferry.

    And I don’t just talk about investment…

    I help you understand money the way most people never will.

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  13. Telema

    https://dmo.gov.ng/fgn-bonds/bonds-offer-circular/5780-march-2026-fgn-bond-offer-circular

    https://dmo.gov.ng/fgn-bonds/bonds-offer-circular/5780-march-2026-fgn-bond-offer-circular

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  14. Ugwunweze Chiagoziem Nicholas
    Beginner Digital marketing specialist & Business coach

    In addition to that,with the stock broker apps available today,it's more easier to invest in the federal government bonds,now,than in the previous years. Investment platforms like, Afrivest, Bamboo, Trove and others,like this,makes it easier for you to also benefits from this,as a Nigerian citizen,bRead more

    In addition to that,with the stock broker apps available today,it’s more easier to invest in the federal government bonds,now,than in the previous years. Investment platforms like, Afrivest, Bamboo, Trove and others,like this,makes it easier for you to also benefits from this,as a Nigerian citizen,but,you must have an account with these platforms mentioned previously,first. Verify your account on these platforms,and make sure,the name,on your account,matches,your identity cards,whether NIN, voter’s card,or BVN,depending on the platform, request,same with the name,on your bank account,before you can invest on anything,on these platforms which include,this federal government bonds too. That my own contribution on this question.

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