Nigeria Treasury Bill Rates Today

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Thinking of putting your money into Treasury Bills?
Here’s exactly what you need to know about today’s rates, how they’re determined, and how to calculate your returns with ease using a free online tool designed specifically for Nigerian investors.

What Is the Treasury Bill Rate in Nigeria Today?

As of today, the current Treasury Bill rates in Nigeria are:

91-day bill: 17.00%
182-day bill: 18.00%
364-day bill: 22.52%

These rates reflect the most recent auction results conducted by the Central Bank of Nigeria (CBN). Treasury Bills, or T-bills for short, are short-term government debt securities. They’re auctioned regularly and offer fixed returns, making them a favorite among conservative investors who want to grow their money safely.

Understanding How Treasury Bill Rates Work

Here’s the deal: Treasury Bills don’t pay interest the way savings accounts or bonds do. Instead, they’re sold at a discount.

Let’s say you invest in a 364-day bill at a 22.52% rate. If you’re buying a bill worth ₦1,000,000, you won’t pay the full ₦1,000,000 upfront. Instead, you’ll pay something like ₦817,000, and then receive ₦1,000,000 when it matures. The difference is your profit.

Key points:

T-bills are discounted instruments, meaning you earn returns upfront.
Rates vary depending on tenor—longer-term bills tend to offer higher rates.
The Central Bank of Nigeria determines these rates during biweekly auctions.

What Determines Treasury Bill Rates in Nigeria?

T-bill rates aren’t fixed forever—they fluctuate. Here’s what pushes them up or down:

1. Monetary Policy Rate (MPR)

When the CBN increases the Monetary Policy Rate, T-bill rates usually go up to attract investors and manage inflation. A lower MPR often leads to lower T-bill rates.

2. Inflation

If inflation is rising, investors demand higher returns. So, the government raises T-bill rates to make them more appealing.

3. Market Liquidity

When there’s a lot of money circulating in the economy (high liquidity), T-bill rates might drop due to increased demand. In contrast, when liquidity is tight, rates tend to rise.

4. Government Borrowing Needs

When the federal government needs to raise more money, it might offer higher rates to attract investors.

Who Should Invest in Treasury Bills?

Treasury Bills are ideal for:

First-time investors looking for a safe way to grow money.
Retirees who want low-risk fixed income.
Businesses and corporations seeking short-term investment options for idle funds.
Anyone looking to beat inflation without risking their capital.

How to Buy Treasury Bills in Nigeria

You can invest in T-bills through:

1. Primary Market

This means participating directly in CBN auctions. To do this, you’ll typically need:

A minimum of ₦50,000
A bank account with a commercial bank
To submit an application form before the auction date

2. Secondary Market

You can also buy T-bills after they’ve been issued. This is more flexible—you can invest smaller amounts and buy anytime through your bank or investment platform.

Real-Life Example: How Much You’d Earn from a T-Bill

Let’s say you’re investing ₦1,000,000 in a 364-day T-bill at 22.52%. You won’t be paying ₦1 million upfront. You’ll pay something like ₦817,000.

Investment amount (discounted): ₦817,000
Maturity value: ₦1,000,000
Profit: ₦183,000
Return on investment: 22.52%

Sounds simple, right? But what if you’re investing different amounts or choosing different tenors?

How to Easily Calculate Treasury Bill Returns

Here’s where it gets exciting. You don’t need to be a math genius or fumble with spreadsheets. You can now calculate your exact Treasury Bill returns using TreasuryBillsCalculator.com.ng—a free and easy-to-use tool made just for Nigerian investors.

What can you do with it?

Calculate your net profit before you invest
Choose between 91, 182, or 364-day T-bills
See your discounted value and maturity value
Plan better by comparing different investment amounts

Whether you’re investing ₦50,000 or ₦5,000,000, this calculator removes the guesswork and gives you accurate figures instantly.

Benefits of Using Treasury Bills in 2025

With the economy in flux and inflation constantly on the rise, Treasury Bills offer a reliable way to protect and grow your money.

Here’s why smart investors are flocking to T-bills this year:

High returns: The 364-day T-bill is currently yielding over 22%, beating most fixed deposit accounts.
Safety: They’re backed by the Federal Government, making them virtually risk-free.
Liquidity: Though they have fixed tenors, T-bills can be sold on the secondary market before maturity.
Tax-free interest: No tax is deducted from your T-bill earnings.

Common Mistakes First-Time T-Bill Investors Make

Let’s make sure you don’t fall into these traps:

Ignoring the discount model: Many investors wrongly think they’ll get interest on top of their initial investment. Instead, the interest is factored in upfront.
Not checking current rates: Treasury bill rates change. Always know the current rate before investing.
Skipping the calculation: If you’re not using a tool like TreasuryBillsCalculator.com.ng, you might misjudge your returns.
Not using the secondary market: Some investors miss out on opportunities to buy or sell T-bills midway.

When’s the Best Time to Buy Treasury Bills?

It depends on:

The CBN auction schedule
Market interest rates
Your investment goals

That said, most savvy investors monitor CBN auction dates and try to buy when rates spike—like now, with the 364-day rate above 22%.

To stay updated and simulate potential returns at any time, bookmark TreasuryBillsCalculator.com.ng.

Final Thoughts

Treasury Bills in Nigeria are more than just a safe bet—they’re a smart one. With today’s 364-day rate sitting at 22.52%, now is one of the best times in years to lock in a high return with virtually no risk.

If you’re planning to invest, don’t guess—calculate.
Use TreasuryBillsCalculator.com.ng to figure out exactly how much you’ll earn based on your investment amount and duration. It’s free, simple, and made with Nigerian investors in mind.

Don’t leave money on the table. Start planning your next Treasury Bill investment the smart way.