Posted on November 5, 2016 by Nairametrics

Here’s How Much Interest CBN Will Pay If You Bought Treasury Bills Last Week

The Central Bank of Nigeria sold N99.12 billion worth of Treasury Bills on Wednesday. Here is the breakdown of the TB’s sold and the interest rates investors will get from buying the bills.

3 Months Treasury Bills

Amount sold – N24.44 billion

Interest rates – 14% (14% IPA)

6 Months Treasury Bills

Amount sold – N21.34 billion

Interest rates – 17.5% (17.09% IPA)

One year Treasury bills

Amount sold – N54.35 billion

Interest rates – 18.5% (18.3% IPA)

Note: IPA= Immediate Past Auction.

All interest is per annum.