Issued by the Federal Government of Nigeria through the Central Bank
All the Basics You Need to Know
What are Treasury Bills ?
When and how are Treasury Bills sold?
How can I invest in Treasury Bills?
How much can I invest?
Benefits of Treasury Bills
- Treasury Bills are tax free
- Treasury Bills are considered to have zero default risk
- Interests are paid upfront allowing investors take advantage of time value of money
- Treasury Bills are a good for clients with disposable cash and those who wish to save
What are the interest rates for Treasury Bills?
What is the tenor for Treasury Bills?
Can I terminate before Maturity?
Can I rollover my investment?
Principal Amount = N1,000,000
Rate = 11% (less our charge of 1%) =10%
Tenor = 91 days (i.e. 3 months)
Therefore the upfront interest is = N1,000,000 x 0.1 x 91/365 = N24,931.51
There are other products that you can also take advantage of like fixed deposit with has a higher interest with withholding tax on the interest. You can invest in it for any desired tenure.
For further information please contact us via email at firstname.lastname@example.org. Alternatively, you can call us on the numbers below:
+234 909 889 3814, +234 909 889 3819
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