Low Risk, Safe Return
Treasury Bills are short-term debt instruments issued by the Federal Government through the Central Bank to provide short term funding for the government. They are by nature, the most liquid money market securities and are backed by the guarantee of the Federal Government.
They are usually issued for tenors of 91 days, 182 days and 364 days at the primary market auction held fortnightly by the Central Bank of Nigeria. The interest rate (stop rate) at the auction is not fixed but fluctuates based on demand and amount offered by the apex bank. However, there are other tenors available in the secondary market based on prevailing rates.
If you do not wish to invest for the full period, we can provide rediscounting facilities and can purchase your bills from you at any point.