What is a treasury bill?
A Treasury bill (or T-Bill) is a short-term government debt security, which yields no interest. Rather, it is issued at a discount on the redemption price.
Basically, the Federal Government issues treasury bills at discounted prices for maturity periods between 91 and 364 days. At the end the selected maturity period, the government buys the bills back at full price. For example, let’s say you buy a 182-day ₦200,000 treasury bill at a discounted rate of ₦180,000. The Federal Government of Nigeria writes an IOU for ₦200,000 and agrees to pay back in 182 days. You don’t get any monthly interest payments, rather you make your money back when the bond is purchased back from you at full price. In this case the T-Bill pays 11% interest rate (₦20,000/₦180,000 = 11%) over the 182-day period.
You will not get any e-mail alerts of notifications until the end of your tenure, so don’t expect any – just be patient. You only get a debit notification when the money is taken out of your account, and a credit notification when the money is returned at the end of the tenure. If you want proof of your investment, it is best to request this from your bank once the money has left your account. You will need to ask them for a T-bill certificate after payment has been made.
Where can I purchase T-Bills?
T-Bills are sold via commercial banks and official agents such as merchant banks, and sales are open to individuals and corporate investors.
Is there a minimum purchase amount for T-Bills?
It depends on the bank. Some banks offer a minimum of ₦50,000, while some offer a minimum of ₦500,000.
How long can I invest for?
There are 3 tenures available: 91 days, 182 days or 364 days.
How can I buy T-Bills?
First, you will need to complete an application form issued by your bank or an approved discount house such as Kakawa Discount House Ltd. You will need to submit your application early, as most banks are required to submit applications received by the Wednesday before the dates announced by CBN – which you can get on the CBN website or in the dailies. Alternatively, your bank might be able to provide you with notifications ahead of time.
When completing the application form, you will be requested for a discount rate – which is the percentage by which the face value of the bill is discounted by. Current rates in Nigeria are around the 12% – 14% mark. You can request for this rate to either be set by your bank, or specified by you (under the “stop rate” section of the application form). If you do however choose to specify a rate which is significantly higher than what the CBN is prepared to offer, your bid will fail.
Various banks will offer you various stop rates/discount rates, depending on how much you want to invest and how long you want to invest it for so it is a good idea to shop around and not go with the first offer you receive. Do your research and select a bank carefully as people have reported banks offering as low as a 2.4% discount rate. As at October 2015, unverified informal accounts suggest that Firstbank seems to have the best bid rate for a 91 day tenure at 9.5%.
How do I calculate the return on my investment on T-Bills?
It is very easy to calculate the returns on your investment, and how this is paid. If for example you purchase T-Bills worth ₦100,000 at a 10% discount rate, CBN only debits your account of ₦90,000. At the end of the maturity period, you are paid your face value sum of ₦100,000.
Can I sell my T-bills before it matures?
It is possible to sell your T-Bills before it maturity using the OTC market. Because this is governed by the forces of demand and supply, you might make a loss if you choose to sell them before their maturity date.
How secure are T-Bills?
As T-Bills are based full faith of the Federal Government of Nigeria, they are considered one of the most secure investments to make. They can also be used as collateral, and are accepted by all banks.
Appreciate this post. Let me try it out.
https://final-rest.pro – Безболезненный способ самойбиства
Всегда есть что-то интересное из актуального порно онлайн:
10 летние девушки порно
Всегда есть что-то интересное из актуального порно онлайн:
13 летние девушки порно
His silence turned into conversation, laughter, and soft touches after using generic viagra 100mg. Real solutions moving securely with familiar postal service.
This makes finding French Bulldogs for sale so much easier
cost of clomid without prescription cost of clomid pill where to get cheap clomiphene without dr prescription how can i get clomiphene without dr prescription generic clomid pill clomiphene risks where to buy clomid
can i get generic clomiphene without insurance clomiphene uk buy how can i get generic clomid without prescription can i get clomiphene online how to buy clomiphene no prescription buying cheap clomiphene pill cost clomid without a prescription
https://samplefocus.com/users/fildena-professional fildena 100 for sale
Recently visited Isla Mujeres and it was breathtaking!
Highly recommend exploring Playa Norte. Already planning
my return trip!
Just got back from Isla Mujeres and it
was unreal! Highly recommend exploring Playa Norte.
Already planning my return trip!
This is the kind of delivery I turn up helpful.
This website really has all of the low-down and facts I needed to this subject and didn’t positive who to ask.
Men with obesity-related ED symptoms benefit measurably from interventions including homemade viagra shake with no pills. Trust the journey that begins with careful and personalized dosing.
The vividness in this piece is exceptional.
This is the compassionate of criticism I truly appreciate.
zithromax 250mg drug – order zithromax online cheap purchase flagyl online cheap
order azithromycin 250mg pill – tetracycline 500mg oral flagyl 200mg without prescription
order rybelsus 14 mg sale – buy rybelsus for sale oral periactin 4mg
buy semaglutide sale – order periactin 4mg pill buy cyproheptadine 4 mg
Vidalista 40 kopen: vidalista.pics – Vidalista opiniД™
order domperidone 10mg – how to get domperidone without a prescription flexeril over the counter
buy domperidone 10mg – buy flexeril generic buy generic cyclobenzaprine over the counter
Amazing! I’ve been looking for Chihuahua puppies for sale and this site has exactly what I wanted!
Totally worth checking out.
It’s very simple to find out any matter on web as compared to textbooks, as
I found this post at this website.
inderal generic – plavix sale buy methotrexate 10mg online
cheap propranolol – brand inderal 10mg buy methotrexate cheap
how to buy amoxil – combivent 100 mcg oral buy combivent no prescription
buy amoxil pills for sale – buy generic ipratropium combivent 100 mcg uk
buy Cenforce 100mg without preion: buy generic Cenforce 50mg – order Cenforce 100mg generic
Hi there to every single one, it’s genuinely a nice for me to pay a quick visit this web page, it includes precious Information.
quanto dura l’effetto del tadalafil 5 mg?
order zithromax 250mg sale – how to buy zithromax buy generic nebivolol for sale
zithromax 500mg drug – order zithromax 250mg pill order nebivolol 5mg online cheap
Frenchies are seriously the best! They’re so
expressive and lovable. Definitely a breed worth considering.
augmentin 375mg drug – https://atbioinfo.com/ ampicillin oral
augmentin 625mg usa – https://atbioinfo.com/ purchase ampicillin pills
nexium online buy – anexa mate order nexium sale
order esomeprazole pill – https://anexamate.com/ esomeprazole 20mg cheap
order generic warfarin 5mg – https://coumamide.com/ buy losartan 25mg pills
buy warfarin 2mg pills – https://coumamide.com/ purchase losartan online
order meloxicam sale – moboxsin.com brand mobic 15mg
cost meloxicam 15mg – https://moboxsin.com/ brand mobic 15mg
prednisone 5mg brand – https://apreplson.com/ prednisone 40mg brand
order prednisone pill – https://apreplson.com/ order prednisone 20mg generic
cenforce tablet price: cenforceindia.com/cenforce-professional.html – cenforce 100 dosage
buy ed pills cheap – ed pills that really work buy ed medication online
buy ed pills online usa – fast ed to take online ed meds
buy amoxil generic – buy generic amoxicillin over the counter buy generic amoxil
amoxil canada – order amoxicillin pill buy amoxil pills for sale
Don’t go for larger bets initially as this may have risk. First, learn the game by betting in small amounts. However, once you learn everything about the game like how to predict, play, etc., you can start with a higher bet. One of the most effective ways to improve your chances of winning in color prediction games is by analyzing historical data. Historical data refers to the past outcomes of the game, which can provide valuable insights into potential patterns or trends. By studying the frequency of each color’s appearance, you can identify patterns that may not be immediately obvious. For instance, if a particular color has appeared frequently in recent rounds, it might be less likely to appear again soon. Dappsfirm stands out as a premier Color Prediction Software Development Company, known for delivering high-quality gaming solutions. Our expertise in crafting engaging color prediction games ensures that we meet your unique requirements while staying within budget and timeframe.
https://glassufabet.com/teen-patti-gold-pro-introduces-tournament-ready-live-features/
Learn all about our sportsbook & self-betting kiosks, including how to bet football, basketball, hockey & MMA, building your bets and more. Why not consider planning a getaway with a relaxing hotel stay here at the View? With more than 970 hotel rooms and suites, including our smoke-free Beach View Tower, you’ll appreciate the luxury bedding, free Wi-Fi, a flat screen LCD TV and an in-room coffee maker. All this with no hidden resort fees! Yes, playing for free is an option for Indian online casino players in all states, even Maharashtra. It’s a great way to test drive your casino without having to make any kind of commitment. The Indian-friendly online casino sites listed all offer free betting. Copyright © 2024 Evolution AB (publ). All rights reserved. Bouncing-ball game show with Crazy Time’s Bonus games!
buy diflucan 200mg online – this purchase fluconazole generic
diflucan 100mg drug – https://gpdifluca.com/# purchase forcan generic
Одним из ключевых аспектов ОЗДС является также обучение персонала, ответственного за борьбу с дератами, в правилах безопасности, применении различных методов и технологий, а также в мониторинге и контроле за эффективностью применяемых мероприятий.
Принцип работы ОЗДС основан на системном подходе, который включает фазы мониторинга, локализации, оценки плотности заражения и контроля грызунов. Станции мониторинга регистрируют наличие грызунов и передают информацию на контрольно-управляющий центр. При обнаружении грызунов, производится локализация местоположения и уровня заражения. Затем, специалисты проводят оценку плотности заражения и определяют оптимальные меры по контролю и уничтожению грызунов в данном объекте. Приманки с отравляющим препаратом размещаются в определенных местах в соответствии с рекомендациями специалистов. После определенного времени, приманки заменяются и производится анализ эффективности системы. При необходимости, проводится дополнительное отравление или захват живых грызунов с помощью ловушек.
cenforce 50mg ca – https://cenforcers.com/ oral cenforce 100mg
kamagra pill: btob.scrt.co.uk/forums/users/kamagra-50mg – kamagra super 100 mg
buy cenforce 100mg for sale – fast cenforce rs cenforce canada
Attractive section of content. I just stumbled upon your site and in accession capital to say that I get actually loved account your weblog posts. Anyway I’ll be subscribing on your augment and even I fulfillment you get admission to constantly fast.
Chauffeur service near me
tadalafil review forum – https://ciltadgn.com/# tadalafil 20 mg directions
I got this web site from my pal who told me concerning this website and now this time I am visiting this web site and reading very informative articles or reviews at this place.
Valuable information. Fortunate me I found your web site by accident, and I’m surprised why this twist of fate didn’t came about earlier! I bookmarked it.
tadalafil tamsulosin combination – ciltad genesis letairis and tadalafil
https://uztm-ural.ru/catalog/tverdye-splavy/
buy zantac generic – order generic ranitidine 150mg ranitidine buy online
kraken darknet
Thank you for sharing your info. I truly appreciate your efforts
and I will be waiting for your further write ups thank you once again.
Ola, amigos!
Enquanto jogava em cassinos online, percebi que o fundamento para um jogo eficaz e ter as estrategias certas.
Recursos que se tornaram importantes para mim:
https://www.slagerijaarse.nl/betnacional-plataforma-de-apostas-em-crescimento-6/
Esses dicas me ajudaram a minimizar os riscos. Eles abordaram topicos como RTP das slots, o que me permitiu entender como o sistema funciona. Se voce tambem quer dominar estrategias, recomendo explorar os aspectos teoricos. Esse e o seu momento chave rumo a um estrategia vencedora.
Desejo sucesso no jogo!
кракен онлайн
purchase zantac pills – order ranitidine 300mg online cheap how to get ranitidine without a prescription
Hey there would you mind letting me know which web host
you’re using? I’ve loaded your blog in 3 completely different browsers
and I must say this blog loads a lot quicker then most.
Can you suggest a good web hosting provider at a reasonable price?
Thanks, I appreciate it!
Я просто не могу пройти мимо этой статьи без оставления положительного комментария. Она является настоящим примером качественной журналистики и глубокого исследования. Очень впечатляюще!
кракен онлайн
Saudacoes, entusiastas de jogos de azar!
Enquanto jogava em jogos virtuais de apostas, percebi que o segredo para um jogo eficaz e ter as estrategias certas.
Guias que se tornaram importantes para mim:
https://alo.us/betnacional-oficial-a-experiencia-do-jogo-online/
Esses analises me ajudaram a melhorar minhas chances. Eles abordaram topicos como volatilidade das maquinas, o que me permitiu entender como o sistema funciona. Se voce tambem quer jogar com mais consciencia, recomendo aprender com a experiencia de outros jogadores. Esse e o seu primeiro passo rumo a um estrategia vencedora.
Que a sorte esteja com voce!
can tadalafil cure erectile dysfunction – is there a generic cialis available cialis manufacturer coupon lilly
кракен vk3
Bom dia, amigos!
Enquanto jogava em jogos virtuais de apostas, percebi que o fundamento para um desempenho bem-sucedido e seguir um plano claro.
Guias que se tornaram importantes para mim:
https://www.eliteautolocksmith.co.uk/online-casino-nederland-zonder-cruks-ontdek-nieuwe-2/
Esses dicas me ajudaram a minimizar os riscos. Eles abordaram topicos como taticas de jogo ideais, o que me permitiu entender como o sistema funciona. Se voce tambem quer dominar estrategias, recomendo estudar os conselhos de especialistas. Esse e o seu momento chave rumo a um estrategia vencedora.
Jogue com inteligencia e aproveite o processo!
кракен маркет
Good day, gambling enthusiasts!
While playing online casinos, I realized that the key to effective gameplay is the right strategies.
Guides that became important to me:
https://www.instcee.com.uy/page-1343/
These materials helped me minimize risks. They covered topics like machine volatility, which allowed me to understand how the system works. If you also want to master strategies, I recommend studying expert advice. It’s your important phase toward success.
Play smart and enjoy the process!
кракен ios
cialis male enhancement – this does cialis shrink the prostate
hr автоматизация что это
кракен официальный сайт
использование ии в подборе персонала
Good day, players!
While playing virtual gambling games, I realized that the foundation to effective gameplay is the right strategies.
Resources that became indispensable to me:
http://www.regiointernet.tv/page-1082/
These tips helped me improve my odds. They covered topics like slot RTP, which allowed me to avoid mistakes. If you also want to enhance your skills, I recommend exploring theoretical aspects. It’s your first step toward confident gameplay.
Wishing you success in the game!
искусственный интеллект в подборе персонала
Игровые аппараты на деньги
Thanks , I have recently been looking for info about this topic for a long time and yours is the greatest I have came upon so far. But, what in regards to the conclusion? Are you sure in regards to the supply?
24/7 limo near me
I couldn’t weather commenting. Warmly written! gnolvade.com
создать сайт москва
Очень хорошо организованная статья! Автор умело структурировал информацию, что помогло мне легко следовать за ней. Я ценю его усилия в создании такого четкого и информативного материала.
Proof blog you procure here.. It’s severely to on great worth belles-lettres like yours these days. I justifiably recognize individuals like you! Rent vigilance!! https://gnolvade.com/
mail order viagra online – https://strongvpls.com/ viagra tablets sale
кракен Москва
porno teens
кракен клиент
buy cheap viagra with mastercard – https://strongvpls.com/# viagra pill 100
шкаф купе недорого на заказ
https://dom-nam.ru/index.php/forum/razdel-predlozhenij/167208-kupit-gvozdi-po-betonu-dlya-montazhnogo-pistoleta#207298
шкаф купе на заказ москва встроенный
Salutations, passionnes de jeux en ligne !
Je viens de trouver un contenu exclusif avec des details tout frais sur le jeu Plinko dans les sites francais.
Si tu t’interesses a Plinko, cette lecture est faite pour toi.
Accede a tout cela via le lien qui suit :
https://www.kidzlagoon.com/jeux-de-plinko-plongez-dans-l-univers-fascinant/
Amuse-toi avec les infos !
sms bomber
Психолог онлайн — это удобный способ получить помощь в любое время! Детский психолог онлайн поможет вашему ребенку справиться с трудностями.
девушка психолог онлайн
kraken onion
usa sms bomber