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Short-term government securities
Nigeria Treasury Bills Structure Map
Follow a Nigerian Treasury BillA short-term naira-denominated debt instrument issued by the Federal Government of Nigeria through the relevant process. from an auction or dealer order through discounted payment, book-entry ownership, secondary trading, and maturityThe date when a debt investment's principal is scheduled to be repaid..
What you will learn
Who receives the money, what you own, who protects the asset, who keeps the records, and where responsibility sits when something fails.
The structure at a glance
YOU
investor
You
↓
DL
intermediary
Dealer
↓
CBN
regulator
CBN
↓
SSSS
records
Depository
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