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