The fee for a Trust ranges and is dependent upon the analysis of assets that are to constitute your Trust and the administrative work to be done. Yes, there is an annual fee to be charged.
T-Bills and OMO (Open Market Operation) are similar and work almost the same way. Whilst T- Bills are issued to finance government budget deficit, OMOs are issued by the CBN for monetary policy management i.e., to control the volume of money in ...
Stage 1 Under current terms (interest rate & 182-day tenor), investor puts N5m to work. However, this represents Face value "FV" (A) to be received at maturity. Interest works out to -N514k (B) which if taken upfront, means the actual/real amount ...