TREASURY BILLS: HOW IT WORKS


This is no doubt one of the best investment options in Nigeria that have very little or no risk. Though it doesn’t have much interest rate in terms of high outcome.

Treasury Bills are short term investment opportunities issued out by the Nigerian government through the central bank for the purpose of short term funding for the government and also to control the country’s money supply.

Treasury bills are sold through a bi-weekly auction conducted by the CBN.

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When you invest in treasury bills you stand to make a 10 percent of your investment as your interest rate.

This simply explains that if you invest 9,00,000 naira into treasury bills you stand to make 100,000 as your on interest and that completes it at 1,000,000, naira, isn’t that interesting?

To buy treasury bills you will have to approach your bank requesting for a form. You fill the form with your personal information also indicating the amount you want to buy and also the bid rate.





The Author

David Ayo Olowoeyo

David Ayo Olowoeyo is a young and vibrant writer born and brought up in Kano State Nigeria. Ayo is a graduate of the Boggash Institute of Computer technology and renowned content developer. Ayo is the author of the short story "the devil in us" and also a coauthor of the modern poetry anthology. Ayo's writings have been widely anthologized and publicized with remarked global repute.

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