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Q: What is Afrinvestor?
Afrinvestor gives instant and secure access to easily buy and sell stocks of companies listed on the Nigerian stock market. You can also invest in Treasury Bills and Commercial Papers with just a few taps. It is a user-friendly platform. If you want ...
Q: What are treasury bills?
Treasury Bills (T-Bills) are short-term debt instruments issued by the Federal Government of any country through its Central Bank to raise short-term funds from the public (private individuals, institutional investors, non-governmental organisations, ...
Q: What is a Tenor?
T-Bills are issued for a specific period usually 91-day (3 months), 182-day (6 months) and 364-day (one year) tenors in the primary market. The rates on T-Bills are quoted annually; as a result, an investor gets the full rate only if the tenor is up ...
Q: What are commercial papers?
Commercial Papers (“CPs”) are unsecured short-term debt instruments issued by corporates to get funds from the public (private individuals, institutional investors, non-governmental organizations, religious bodies etc.) to meet short-term debt ...
Q: What is True Yield?
The ‘true yield’ is the effective return on investment (ROI). Using a simplified example, if an investor wants to receive N100,000 after a one-year period (365-days) and choses to invest in a discounted instrument which is offered at a rate of 10%, the ...