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

Nairametrics by Nairametrics
November 5, 2016
in Markets, Securities
Here Is What It Now Takes For A Bank Staff To Get Into The CBN’s Dreaded Black Book
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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

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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.

 

 

Tags: CBN NigeriaNigerian Treasury BillsTreasury Bills
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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