For those that are able to invest in the Nigerian Stock exchange, this treasury bill will pay back 6.4 percent

Up until 2 years ago, investing in the Nigerian treasury bills would be a smart thing to do without thinking too much about it. But now, with the big drop in the treasury bill return rate, many investors found themselves looking elsewhere for where to find a good return on their investments.

Investors used to get up to about 14 percent or more per term on Treasury bill investments.  About two years ago, the rate was slashed aggressively by President Buhari’s administration, and this discouraged many treasury bill investors.

The rate was down to about 3 percent which wasn’t too attractive, but now, the new 365 Day T-bill (365DY TB) will return 6.4 percent. Interested investors can subscribe and get the payout. The minimum amount required is N10,000.

365 Day Treasury Bill (365DY TB)

Minimum amount – N10,000.00

Type. -                     Treasury Bill (T Bill)

Tenure.                  – 365 Days

Date issued.           -2019-06-17

Maturity Date         -2022-03-29