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Everything you need to know about Treasury Bills
What are Treasury Bills?
Treasury Bills are short term government debt instruments issued by the CBN. This is one of the several ways the government raises funds. The CBN also uses treasury bills to control money supply in the economy.
How are Treasury Bills Sold?
Treasury Bills are sold through a bi-weekly auction conducted by the CBN. Buyers are requested to quote bids following which the average minimum bid is selected.
Where can I buy Treasury Bills?
Treasury Bills can be bought through any official dealer/Agent/Bank. ARM Securities can also help you buy your Treasury bills.
When is it usually sold?
Treasury Bills are sold every other Wednesday (bi-weekly) as announced by the CBN. The CBN announces issuances on their website and in the pages of the Newspaper. This information can also be found on the DMO’s (Debt Management Office) website.
How Can I Buy Treasury Bills?
Simply complete our T-bills application form and fund your account with the desired value.
Are Treasury Bills Safe?
Treasury Bills are one of the safest forms of investment and are backed by the full faith and credit of the Federal Government of Nigeria
Apart from the Interest Rates what are the benefits?
- A good source of steady stream of income
- Treasury Bills are a good investment outlet for your free and disposable cash
- Treasury Bills are good investments for people who wish to save
- Treasury Bills are also tax free
- Treasury Bills are very liquid and can be converted to cash quickly
- They can be used as a collateral
Are Treasury Bills Taxable?
Interest derivable from Treasury Bills are not taxable.
Bidding Process
What is the bid rate?
The bid rate otherwise called your STOP RATE is the likely interest rate that you have indicated to receive for the principal that you are investing in the T-bills.
What if I don’t have a Bid rate?
If you do not have a Stop Rate or you are not sure of a rate you can select the prevailing market rate option on the application form.
Can I still buy if my Bid is Rejected?
Yes, you can purchase T-bills from the secondary market by completing the same T-bills application form.
TENURE AND MATURITY
What are the durations (tenor) for the T-Bills?
T-bills are usually for 91days, 182days and 364 days.
Can I sell before Maturity?
Yes, you can sell T-bills before maturity.
When is the interest paid?
The interest element of a treasury bill is paid to you upfront and credited to your bank account.
Can I roll over my Investment?
Yes you can roll over your Investment
Would you like to invest in Treasury Bills or make further enquiries about adding Treasury Bills to your investment portfolio, contact us on 0700 CALLARM (0700 2255 276) or send an email to [email protected].
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Don’t RUN from it
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Meet the two crazy runners
There he was again. Even in the rain, Chimdi couldn’t understand why this fellow always had to run along the same path as he almost every day. Worse, he was just totally unfriendly…never acknowledging the runner’s nod Chimdi gave him whenever they passed each other while running.
Jerome moved into the estate 4 months earlier and loved how accessible routes were to make his run a smooth affair. He also loved that he could run in peace without having to exchange pleasantries and maybe even slow down just to talk with someone. He hated going to the gym or exercising and then spending a good portion of the time he could use in putting in more energy, gisting. It just wasn’t his style.
So, whenever he ran along the estate route, he plugged his ear pod and blasted his Jamz for motivation. He often noticed this fair-skinned dude who runs at the same time nodding his head at him, but he didn’t want to start something he couldn’t finish.
But the dude started it. He let go of the nodding and suddenly started trying to outrun him every morning. Jerome found that to be a challenge and he took Chimdi on. Without speaking to each other every morning, they would appear at the same time and like an imaginary gun was shot into the air to mark the start of the race, both guys would take off each intending to beat the other.
This run-play continued with no apparent winner until a golden opportunity came to know the real champion.
Chimdi heard that the ARM Run For The Future was back, this time virtually, and slated for the first week in December and he figured that this was it. He spoke to Jerome for the first time and they both agreed to run together and check who would finish first on the RFTF app’s leaderboard. So, they downloaded the app and got set for the run.
While speaking about the run, these two stubborn heads discovered they had a lot in common. Soon, they were practising together ahead of the run and Jerome even started enjoying gisting while running.
He learnt two lessons from this incident. One, having a fitness buddy can sometimes be a good motivation and secondly, he got to know about the coolest run/walk event to end the year and could win loads of great prizes if he comes out tops.
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You could win amazing prizes too, but you must download the RFTF app on Google Store to run. Go ahead and invite your fitness buddies to download the app and join the fun – the more, the merrier!
Smart tips for running a race
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9 interesting running facts
Whether you are a first-time runner, or you’ve been running for years, some of these facts about running will interest you.
FACT 1
Even if you’re a slow jogger, you’ll burn at least 10 calories per minute of running. That means you can hope to run off that block of chocolate you ate in less than 23 minutes.
FACT 2
Over 1 billion pairs of running shoes are sold worldwide each year. Oh, we hope you’ve bought your running shoes for the upcoming Run For The Future run/walk event? Best to be prepared on time.
FACT 3
Athletes dressed in red are more likely to win events than athletes wearing any other color. Does this mean we’ll be seeing you in red on that day?
FACT 4
12 of the world’s top 20 distance runners are members of the Kalenjin tribe of northwest Kenya.
FACT 5
The youngest marathon runner is Budhia Singh who completed 48 marathons by age 5. The oldest person to complete a marathon was Fauja Singh from India, he was 100 years old at the time. Even more interesting is the fact that Fauja didn’t even start running until he was 89 years of age. It’s never too late. Start with this run/walk virtual event.
FACT 6
Music can boost your running performance by up to 15%! So break out those headphones and you’re your playlist updated always for a more fun run.
FACT 7
Did you know that eating baked beetroot can improve your running performance? Now beetroot might not be your idea of a yummy snack before a run/walk, but if it gives you that Usain Bolt kinda rush, why not?
FACT 8
Stretching before a run will make your body less efficient making you unable to run as far. Just like every other workout, it is best to start with a dynamic movement sort of warm-up.
FACT 9
According to research, running is an excellent way to increase your creativity and boost your productivity at work.
Join our RFTF Group on Facebook and visit our website to get more health and fitness tips.
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