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Leaving ₦100,000 ($75.5) idle in a commercial bank account might feel safe, but with inflation eroding the purchasing power of cash, more Nigerians are seeking higher-yielding alternatives.
Treasury bills (T-bills) have emerged as one of the most accessible vehicles for retail capital.
These short-term debt securities are issued by the Federal Government of Nigeria and mature in a year or less. Sold via periodic central bank auctions, primary dealers bid on price and yield. Essentially, investors lend funds to the government for a fixed duration and receive their principal plus built-in returns at maturity.
Originally published by TechCabal.