Nigerian Treasury Bill
Definition
What is Nigerian Treasury Bill?
A short-term naira-denominated debt instrument issued by the Federal Government of Nigeria through the relevant process.
Example in practice
How This Looks in Practice
An investorA person or organisation that commits capital with the expectation of a financial return. buys a 364-day Nigerian Treasury billA short-term government debt instrument usually issued at a discount and repaid at face value. at auction.
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