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Discounted Debt Instruments

These are investments issued, purchased and traded at a discount. These instruments include:

  • Treasury Bills

    These are instruments issued by the Central Bank of Nigeria on behalf of the Federal government. They run for various tenors not exceeding one year.

  • Commercial Papers

    These are short-term promissory notes issued by reputable companies to finance their working capital. They usually have tenors of not more than 180 days.