Nigeria Treasury Bills: Why the Latest 364-Day Yield Beats Inflation
Even though the latest Treasury bill auction cut the quoted one-year rate to 16.62%, investors are not losing out. Because Treasury bills are sold at an upfront discount, you pay less today and collect the full amount in a year, turning that rate into a real 19.92% cash return. With headline inflation down to 15.43%, locking into the 364-day bill gives you guaranteed positive returns before the central bank lowers interest rates further.
5 min