It is a short-term debt instrument issued by the Federal Government through the Central Bank to provide short term funding for the government.
Features | Benefits |
---|---|
It is backed by the full faith and credit of the Federal Government of Nigeria | It is risk-free |
It is issued for tenors of 91 days, 182 days and 364 days at the primary market auction held fortnightly by CBN. Other tenors are available in the secondary market | It is a highly liquid instrument and can be used as collateral for loans |
Interest payment is upfront | The interest earned is tax-exempt |
There are different ways to apply, depending on whether or not you bank with us.
You can apply online, in any branch or by calling 0345 744 5445
Apply on Globus OnlineYou can apply online, in any branch or by calling 0345 744 5445
Apply on Globus OnlineInterested in other ways to save? We have other options for you to consider.