Q: What is the minimum investment in T-bills with Afrinvest?
Minimum investment is N100,000 (One hundred thousand naira only).
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Q: What are the other benefits of Treasury Bills?
It is a risk-free investment as it carries the guarantee of the Federal Government of Nigeria T-Bills are highly liquid instruments and can be used as collateral Liquidity-active secondary market for ease of entry and exit (though at a cost) Interest ...
Q: How do Treasury Bills work?
T-Bills are discount instruments, and they are so called because the investor gets its interest upfront. This means that the interest promised on a T-bill instrument is payable on the very day the investment commences. For instance, if a T-bill ...
Q: Primary and Secondary Market for Treasury Bills
A T-Bill can be purchased either in a primary or secondary market. The primary market is when the investor buys directly from the CBN through a public auction carried out every fortnight while in the secondary market, an investor buys from an ...
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: How are T-bills different from OMO?
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 ...