Nigerian Exchange Limited (NGX) has said that additional units of the Federal Government of Nigeria (FGN) Bonds issued in August 2021 have been listed on its platform.
The additional 104,814,900 units will bring the total outstanding units of the 12.98% FGN Mar 2050 to 715,536,872.
Federal Government Bonds are the most liquid and capitalized bonds on NGX. The Federal Government issues bonds in the primary market through the Debt Management Office (DMO) at its monthly auctions and these bonds are subsequently listed on The Exchange for trading.
These bonds are backed by the full faith and credit of the Federal Government of Nigeria and are semi-annual, coupon-paying bonds. Income earned on FGN Bonds is tax-free.
NGX continues to thrive as a multi-asset securities exchange providing access to a diversified range of assets including equities, fixed income, Exchange Traded Products (ETPs). Through its vast network of Trading License Holder Firms and an integrated trading platform, NGX provides institutional and retail investors access to one of the most liquid markets in Sub-Saharan Africa.
