Investing in FGN Savings Bond
Can I sell my Federal Government Saving Bonds before maturity?
Yes, you can sell your bonds before they mature through the secondary market. However, keep in mind that the market for these bonds may be less liquid compared to other securities, so it's important to consider potential liquidity challenges.
What should I do if my coupons are not paid by the government after fulfilling all requirements?
Contact the Brokerage Team at brokerageteam@afrinvest.com to investigate the issue. We will assist you in identifying and resolving the problem.
Will my principal and interest payments be made to my bank account or Afrinvestor wallet?
Principal and interest payments will be deposited directly into your bank account.
How do I calculate the expected coupon value?
To calculate your expected coupon value, simply divide the annual interest rate by 4 to determine the quarterly interest payment.
Can I fill a different bank on the form aside from the one on my Afrinvestor account, and can I change my bank details for coupon payments?
Yes, you can update your details, but you'll need to follow specific procedures to ensure your information is accurate on the CSCS portal. For more information, please contact the brokerage team at brokerageteam@afrinvest.com.
What should I do if I accidentally miss a digit in my CSCS account number when filling out the form, and how might it affect my coupon payments?
If you miss a digit in your CSCS account number while filling out the form, it can lead to issues with coupon payments, as the account may be classified as unidentified. Make sure to verify the digits; if you're unsure, request confirmation to avoid ...
How can I ensure I'm following the correct process for submitting forms?
In addition to completing your forms, you are required to enter your details into the online application system. This helps ensure that your information is accurately recorded for smooth processing.
Minimum investment is N100,000 (One hundred thousand naira only).
The investment may not appear in your portfolio right away, as this depends on the efficiency of the CSCS. However, it usually takes no longer than a month to reflect.