Total allotments for FG’s Savings Bonds hit N5.06bn in 5 months – Nigerian Exchange

The Divisional Head, Capital Markets at NGX, Jude Chiemeka, said this during the NGX Savings Bond webinar 2023 organised by the Exchange in collaboration with Optimus by Afrinvest; a foremost fintech platform supported by the Debt Management Office (DMO) and CSL Stockbrokers.

He said the retail savings bond product was introduced by the Debt Management Office (DMO) on behalf of the federal government in 2017 to democratise its activities in the bond market by making it easily accessible to Nigerians to ensure continuous development of the domestic market and bridge infrastructure deficit which has been a constraint to economic growth.