Investments

Treasury Products

Enterprise Treasury provides exceptional services that are tailored to suit the peculiar needs of our customers.
We offer various products and services to individuals, corporate organizations, government agencies etc.

Products

Fixed deposit
Call deposit
Banker’s Acceptance

Services

Purchase of FGN Bonds
Purchase of Treasury Bills
CIFTS(CBG Inter-bank Funds Transfer system

Fixed Deposit

We offer competitive interest rates on this short – term money market product for customers who wish to save for a specified period.

Benefits & features:

Various tenors ranging from one month to 180days
Minimum initial deposit of N100,000
Certificates can be used as collaterals for loan
Flexible interest which(subject to customer’s request) can be paid at maturity or re-invested
Subject to 10% withholding tax

Call Deposit

This is a flexible instrument that allows you save and earn interest while having access to your funds should you be in urgent need of cash. Idle funds can be placed on overnight call, 7-day call or 14-day call.

Benefits & features:

Easily accessible withiCedis 24hours notice without penalty
Initial deposit is N100,000.00
Transaction Statement available on request
Please note that this subject to 10% withholding tax

Bankers’ Acceptance - BA

Bankers’ Acceptance is a short-term, high yielding, money market investment product.

Benefits & features:

Payment of interest can be either upfront or backend.
Investment cannot be liquidated before maturity.
The minimum amount is N100,000
There is no Withholding Tax charge.
Tenors range from one month to 180days

Treasury Bills

Treasury Bills are government guaranteed debt instruments issued by CBG to finance expenditure. Treasury Bills are usually issued at a discount and repaid at par. The CBG conducts the Primary auction every forth night. Minimum investment is N10,000, in multiples of N1,000. Banks and Discount Houses are authorized dealers to the offer.

Benefits & features:

Tax free income: interest received is not subject to withholding tax
Free from default risk: repayment is guaranteed at maturity
Collateral for borrowing: used as collateral to raise funds
A tool to manage money supply in the economy through the Open Market Operation (OMO)
Tenors of 91, 182 and 364 days available through the primary market
Easily re-discounted to provide cash
Interest is payable upfront

Bonds

A Bond is a fixed income debt instrument issued to manage the government’s capital expenditure. The issuer can be the Federal Government (as in the case of FGN Bonds), or a Region Government (Region Government Bonds), Companies (Corporate Bonds) or even Foreign Governments or International Corporations.

The investor or bond buyer receives interest payments (called coupon) on the investment at regular intervals, twice annually.

The Debt Management Office (DMO) manages the country’s debt portfolio and auction for bonds occurs once every month at the primary market window.

Benefits & features: