Description
Treasury Bills are short-term instruments issued by the Central Bank of Nigeria (CBN) on behalf of the Federal Government at a discount. They are issued at a discount and repaid at the full price of the face value on maturity.
Features
- Tenors for T-bills in the primary market are 91 days, 182 days and 364 days. The secondary market ranges from 7 days to 363 days.
- Individuals, firms, companies, and financial institutions are eligible to invest in treasury bills.
- T-bills are issued at a discount but redeemed at the full price of the face value. Priced in units of ₦1,000.
- The repayment of the bill is made at par on the maturity of the term.
- Treasury bills are highly liquid negotiable instruments that are available in both primary and secondary markets.
- In line with the DMO guideline, the minimum amount of bid is ₦50,001,000.00 and in multiples thereof ₦1,000. In the secondary market, the minimum bid amount of ₦50,001.00.
Benefits
- T-bills are relatively a low-risk investment option.
- Interest received is not subject to tax.
- Repayment at maturity is guaranteed.
- T-bills are very liquid and easily converted to cash.
- They can be used as collateral.
- Interest with the principal can be re-invested immediately.
How To Invest
Simply send an email to brokerageteam@afrinvest.com, or reach out to any of the contacts below:
| Lagos: | Deborah +234-8035223512 |
| Port Harcourt: | Taiwo +234-8087184771 |
| Abuja: | Bola +234-9095041827 |
