How to Use Treasury Bills for Rent, School Fees Payment Plan
Most Nigerians pay their bills periodically, and investment in treasury bills is also periodic. I mean, take for instance, there is 91-day treasury bill papers for students that make school fee payments every semester.
There is 182-day treasury bills for people that need to make certain payments every six months, and 364-day treasury bills can be used to structure your annual rent or even vacation.
This is actually an alternative to savings. Some people keep huge amounts in savings accounts since they don’t have a need for cash. Guess what your banks are doing with such funds? They buy government securities—since you don’t know, you should buy it anyway.
Many people want to buy treasury bills but don’t know where, when, and how to begin the process. First, treasury bills will allow you to invest your money in a non-risky way.
You earn a fixed return on your investment; unlike stocks, investors purchase the treasury paper at a discount and receive the full value of the investment in the future.
Who should buy treasury bills? Treasury bills are good for meeting educational payments. The payment can be structured in a way that will match the next academic payment for children in schools.
Investment banking firms would tell you investment in treasury bills is an excellent opportunity to invest in one of the safest short-term government securities available in Nigeria.
Investors have continued to take advantage of this investment window to put their short-term funds to work securely. Based on FSDH indicative rates, investors can earn up to 19.65% on investment. #How to Use Treasury Bills for Rent, School Fees Payment Plan NGX lists Nigeria’s First Telecom Company, Legend Internet Plc
