Investing in Treasury Bills (T-Bills) is one of the safest and most rewarding ways to grow your money in Nigeria. With interest rates fluctuating, knowing the latest Treasury Bills rates is essential for maximizing returns.
So, what are the current Treasury Bills rates in Nigeria?
The Central Bank of Nigeria (CBN) recently conducted auctions, and these are the latest rates:
| Treasury Bill Tenor | Current Interest Rate (2024) |
|---|---|
| 91-day (3 months) | 18.5% 🟢 |
| 182-day (6 months) | 19.5% 🟢 |
| 364-day (1 year) | 21.889% – 22.6% 🔥 |
💡 These rates change regularly depending on CBN policies and investor demand.
📌 Want to calculate your exact returns before investing? Use our free Treasury Bills Calculator to estimate your earnings instantly!
What Are Treasury Bills?
Treasury Bills (T-Bills) are short-term government securities issued by the CBN on behalf of the Federal Government. They are sold at a discounted price and paid back in full at maturity.
For example:
- If you buy a ₦1,000,000 T-Bill at a 22% interest rate, you might pay only ₦780,000 upfront and get back ₦1,000,000 at maturity, earning ₦220,000 profit.
Unlike fixed deposits, T-Bills do not pay interest in installments. Instead, you receive your profit at the end of the investment period.
How to Invest in Treasury Bills in Nigeria (Step-by-Step Guide)
1️⃣ Understand Treasury Bills Tenors (Durations)
T-Bills come in three durations:
✔ 91-day (3 months) – Short-term, lower interest rates.
✔ 182-day (6 months) – Medium-term, moderate returns.
✔ 364-day (1 year) – Longest duration, highest interest rate.
2️⃣ Check Current Treasury Bill Rates
💡 T-Bill rates change every auction cycle. Stay updated by:
✅ Checking CBN official reports.
✅ Contacting your bank’s investment desk.
✅ Using Our Treasury Bills Calculator for instant calculations.
3️⃣ Open an Investment Account
To invest in T-Bills, you need:
✔ A bank account with a commercial bank (like GTBank, Access Bank, UBA, etc.).
✔ A CSCS account (required for secondary market trading).
💡 Most banks allow direct investment via online banking or their mobile apps.
4️⃣ Place Your Bid or Invest at the Stop Rate
You can:
✅ Bid at your preferred rate (competitive bidding).
✅ Accept the CBN stop rate (non-competitive bidding, safer option).
5️⃣ Get Your Investment Certificate
Once approved, you will receive a T-Bill investment certificate with details of your purchase and maturity date.
6️⃣ Wait for Maturity or Sell Early
💰 At maturity, the CBN automatically credits your account with the full face value.
💡 If you need funds before maturity, you can sell in the secondary market.
Example: How to Calculate Treasury Bill Returns
Let’s say you want to invest ₦1,000,000 in a 364-day T-Bill at a 22% interest rate.
🔹 Investment Amount: ₦1,000,000
🔹 Tenor: 364 days
🔹 Interest Rate: 22%
💰 Your upfront payment:
₦1,000,000 ÷ (1 + 22/100) = ₦819,672
💰 Total Earnings at Maturity:
₦1,000,000 – ₦819,672 = ₦180,328 profit
📌 Don’t want to calculate manually? Use our Treasury Bills Calculator for instant results!
Why Should You Invest in Treasury Bills?
✅ Risk-Free – Backed by the Federal Government.
✅ High Returns – Higher than most savings accounts.
✅ Tax-Free Earnings – No tax on profits.
✅ Easy to Buy & Sell – Can be sold in the secondary market.
Who Should Invest in Treasury Bills?
✔ Salaried professionals looking for a safe investment.
✔ Retirees wanting steady income.
✔ Business owners who want low-risk diversification.
✔ Anyone seeking higher returns than a savings account.
Treasury Bills Rate Trends in 2024
The CBN adjusts T-Bill rates frequently based on monetary policies and inflation control. Here’s how rates have changed recently:
📌 January 2024 – 364-day T-Bill at 22.6%
📌 March 2024 – 364-day T-Bill adjusted to 21.45%
📌 August 2024 – 364-day T-Bill at 21.889%
💡 This means higher returns for investors during inflationary periods.
Treasury Bills vs. Fixed Deposits – Which Is Better?
| Feature | Treasury Bills | Fixed Deposit |
|---|---|---|
| Returns | Higher (Up to 22.6%) | Lower (8-12%) |
| Tax on Interest? | No tax ✅ | Taxed ❌ |
| Liquidity | Can sell before maturity ✅ | Locked till maturity ❌ |
| Risk Level | Zero risk ✅ | Bank-dependent ❌ |
📌 For higher, tax-free earnings, T-Bills are the better choice.
How to Maximize Your Treasury Bill Investment
🔹 Invest in 364-day T-Bills – They offer the highest interest rates.
🔹 Reinvest at Maturity – Roll over your profits for compound growth.
🔹 Monitor Rate Changes – Interest rates change, so timing matters.
🔹 Diversify – Combine T-Bills with FGN Bonds or mutual funds.
💡 Want to estimate your T-Bill profits instantly? Try our Treasury Bills Calculator today!
Final Thoughts – Is It a Good Time to Invest in Treasury Bills?
✅ Yes! With interest rates as high as 22.6%, T-Bills remain one of the best low-risk investments in Nigeria.
📌 Before investing, always check the latest rates and calculate your expected earnings using our Treasury Bills Calculator.