Nigerian 90 Day Treasury Bill Calculator

How to Use Our Nigerian 90 Day Treasury Bill Calculator

Our Nigerian 90 Day Treasury Bill Calculator is designed to help you determine key figures such as the purchase price (discounted value), total earnings (the discount), effective annual yield, and the maturity date for a 90-day treasury bill. Although the tenor is fixed at 90 days and the interest rate is preset at 18.50%, you can simply enter your investment amount and the date you made the investment to get your results. Here’s how you can use it:

1. Enter Your Investment Amount:
   Input the face (maturity) value of your treasury bill into the “Investment Amount” field. Make sure to enter the number without commas, full stops, or any currency symbols.

2. Note the Fixed Tenor & Interest Rate:
   The calculator is set up for a 90-day tenor with an interest rate of 18.50%. These values are fixed and automatically applied in the calculations. This means you don’t need to adjust them.

3. Select the Value Date:
   Choose the date on which you made your investment by using the date picker. This “Value Date” marks the start date for the treasury bill, and the calculator uses it to determine the maturity date (by adding 90 days).

4. Click “Calculate”:
   Once you have filled in your investment amount and selected the value date, click the “Calculate” button. The calculator will immediately compute:

   • The Discounted Value (the price you pay after accounting for the discount),

   • The Total Earnings (your profit from the discount),

   • The Effective Annual Yield (a measure of your return on investment adjusted to an annual basis),

   • And the Maturity Date (when the treasury bill matures, after 90 days).

5. Download Your Results (Optional):
   If you wish to keep a record of your calculations, click on the “Download Results” button to save the details in a CSV file. Your file will also include a note at the bottom with the URL of our website.

For more detailed guidance or to use our specialized tool directly, please visit our dedicated 90 Day Treasury Bill Calculator page: Visit Nigerian 90 Day Treasury Bill Calculator

Introduction to Treasury Bills

Treasury bills (T-bills) are short-term government debt instruments that are sold at a discount and redeemed at face value upon maturity. In Nigeria, treasury bills are popular among investors because they offer a secure and predictable investment option. The Nigerian government issues treasury bills with various tenors, which may include 91-day (commonly referred to as 3-month), 182-day, and 364-day periods. Despite minor variations in how the months are counted, treasury bills are structured to yield returns in a predictable manner.

For our specific calculator, we focus on the 90 Day Treasury Bill. Although a 3-month treasury bill in Nigeria is typically considered 91 days, we have designed this particular tool for a 90-day period. The interest rate remains the same as the 91-day version, which is 18.50%. This means that even if the investment period is a day shorter, all the standard calculations you rely on will remain consistent.

Understanding the Calculator Layout

Our Nigerian 90 Day Treasury Bill Calculator is built to be simple, modern, and user-friendly. The interface is divided into two main sections:

1. Input Section:
   In this part, you will be prompted to enter the necessary details. You only need to input the investment (face) amount and select your investment date (also known as the value date). The tenor is fixed at 90 days, and the interest rate is preset at 18.50%, eliminating any potential guesswork on your part.

2. Results Section:
   After entering your details and clicking the “Calculate” button, the calculator performs several computations instantly. The results section displays:

   • The Value Date (the date of your investment)

   • The Face Value (the amount you intend to invest or the maturity value of your treasury bill)

   • The Interest Rate (which will appear as 18.50%)

   • The Discounted Value or Purchase Price (calculated as the face value minus the discount)

   • The Total Earnings (which represent the profit you earn from the discount)

   • The Maturity Date (the date on which the treasury bill matures, which is calculated by adding 90 days to your value date)

   • The Effective Annual Yield (EAY) – This is a measure of your return on investment calculated on an annualized basis.

   There is also a Download Results button that allows you to export your results into a CSV file, ensuring you have a saved copy for reference that also includes our website URL at the end of the file.

For even more detail or to try the dedicated tool, feel free to visit our specialized page here: Visit Nigerian 90 Day Treasury Bill Calculator.