February 2024 Funds Factsheet
Asset Management
29 Feb 2024 · Factsheets
Overview
February saw a transformation in Naira-denominated fixed income rates. The yield of a 1-year Nigerian Treasury Bill (T-bill) was 13.61% pa at the beginning of the month and 21.92% pa by the end of it.
The yield of a 10-year Federal Government of Nigerian bond (FGN bond) was 14.42% pa at the beginning of the month and 18.95% pa by the end of it. Throughout the month the Central Bank of Nigeria (CBN) raised the rates at which it sold T-bills at its auctions.