Autchhomme:
Treasury Bills (TBills) are government money instruments, meaning how the government can generate money from the citizens apart from taxation. This is simply a form of loan from the citizens to the government.
Any citizen (18+) can have TBills (ie lend to the government) and earn a published interest depending on the amount (the least is 100k) and period of investment (tenure). If one wants to purchase (invest) Tbills, you need to visit your bank where you will be notified of the available tenure and their corresponding rates. For example, you want to book 100k @ interest rate of 12% for 60days, then your bank will book (buy/fix)
it from your account (new or existing). For this the interest amount will be (18k or thereabout) using Simple Interest formula. This interest is paid upfront (ie once it is booked, before the tenure starts counting) into your account by deducting and fixing 82k from your account and leaving the balance of 18k, which you can withdraw and flex with . On maturity, the total of 100k is paid into your account after the 60days tenure expires.
For documentation purposes, you need your passport photo (add recent as usual ) and id card, then your bank will give you Investment Advice (or Note/Certificate).
Its advantage over fixed deposit is that 1) your payment of interest is assured and upfront, 2) it does not disappear in case the bank folds, as it is a government obligation, 3) you can start with as low as 100k 4) the interest is usually higher than fixed deposit.
Any other thing, , well any commercial bank can handle it.

I hope I helped.
Thumb up there.

Autchhomme:
Treasury Bills (TBills) are government money instruments, meaning how the government can generate money from the citizens apart from taxation. This is simply a form of loan from the citizens to the government.
Any citizen (18+) can have TBills (ie lend to the government) and earn a published interest depending on the amount (the least is 100k) and period of investment (tenure). If one wants to purchase (invest) Tbills, you need to visit your bank where you will be notified of the available tenure and their corresponding rates. For example, you want to book 100k @ interest rate of 12% for 60days, then your bank will book (buy/fix)
it from your account (new or existing). For this the interest amount will be (18k or thereabout) using Simple Interest formula. This interest is paid upfront (ie once it is booked, before the tenure starts counting) into your account by deducting and fixing 82k from your account and leaving the balance of 18k, which you can withdraw and flex with . On maturity, the total of 100k is paid into your account after the 60days tenure expires.
For documentation purposes, you need your passport photo (add recent as usual ) and id card, then your bank will give you Investment Advice (or Note/Certificate).
Its advantage over fixed deposit is that 1) your payment of interest is assured and upfront, 2) it does not disappear in case the bank folds, as it is a government obligation, 3) you can start with as low as 100k 4) the interest is usually higher than fixed deposit.
Any other thing, , well any commercial bank can handle it.

I hope I helped.

promqueen247:
Thanks honey, You such a God sent. I can catch a glimpse of what this investment entails, But i have a question though. Can i invest with 2 or more different banks at a time?

Autchhomme:


Sure you can. You can have even 20 investments in one bank. They should thank but believe me they wont. If you reach there and it happens, ask them why and tell us.

Autchhomme:
Treasury Bills (TBills) are government money instruments, meaning how the government can generate money from the citizens apart from taxation. This is simply a form of loan from the citizens to the government.
Any citizen (18+) can have TBills (ie lend to the government) and earn a published interest depending on the amount (the least is 100k) and period of investment (tenure). If one wants to purchase (invest) Tbills, you need to visit your bank where you will be notified of the available tenure and their corresponding rates. For example, you want to book 100k @ interest rate of 12% for 60days, then your bank will book (buy/fix)
it from your account (new or existing). For this the interest amount will be (18k or thereabout) using Simple Interest formula. This interest is paid upfront (ie once it is booked, before the tenure starts counting) into your account by deducting and fixing 82k from your account and leaving the balance of 18k, which you can withdraw and flex with . On maturity, the total of 100k is paid into your account after the 60days tenure expires.
For documentation purposes, you need your passport photo (add recent as usual ) and id card, then your bank will give you Investment Advice (or Note/Certificate).
Its advantage over fixed deposit is that 1) your payment of interest is assured and upfront, 2) it does not disappear in case the bank folds, as it is a government obligation, 3) you can start with as low as 100k 4) the interest is usually higher than fixed deposit.
Any other thing, , well any commercial bank can handle it.

I hope I helped.