Treasury bills are one of the most popular investment options in Nigeria. They are safe, government-backed, and provide better returns than traditional savings accounts. While the Central Bank of Nigeria (CBN) issues treasury bills, individuals usually buy them through commercial banks and licensed brokers.
The challenge for many investors is knowing which banks offer the best service, convenience, and access to treasury bills. In this post, we’ll look at the top 10 best banks for treasury bills in Nigeria.
1. Zenith Bank
Zenith Bank is one of the most reliable banks for treasury bill investments. It offers both primary market access and secondary market purchases. Investors also get clear guidance on interest rates before bidding. Zenith is known for efficiency and good customer support. You can start here
2. Access Bank
Access Bank makes it easy to invest in treasury bills through its wide branch network. Investors can fill treasury bill forms at the bank or use the AccessMore App to request fixed-income investments. Access Bank is popular among retail investors because of its flexible investment options.
3. Guaranty Trust Bank (GTBank)
GTBank is well-known for its smooth process. Customers can buy treasury bills by filling out forms at a branch or by using the GTWorld App under investments. GTBank provides regular updates on treasury bills rates and has one of the most transparent processes for retail investors.
4. First Bank of Nigeria
As the oldest bank in the country, First Bank has a strong reputation in treasury bill transactions. With a large branch network, it provides easy access to both small and large investors. First Bank also handles rollover requests seamlessly, making it ideal for long-term investors.
5. United Bank for Africa (UBA)
UBA is one of the leading banks in treasury bill sales. Investors can apply through any UBA branch and fund their account before the auction. UBA’s wide African presence also makes it attractive for diaspora Nigerians looking to invest in treasury bills back home.
6. Fidelity Bank
Fidelity Bank offers good treasury bill services, especially for retail investors. Customers can invest with as little as ₦100,000 through the secondary market. The bank also provides personalized advisory services for customers looking at fixed-income investments.
7. Stanbic IBTC Bank
Stanbic IBTC is a strong player in the investment space. Beyond treasury bills, it also provides bonds and mutual funds. Investors who want a mix of financial products alongside T-bills often choose Stanbic IBTC Treasury bills because of its expertise and professionalism.
8. Union Bank
Union Bank is another trusted option for treasury bills. It provides treasury bill investments through its branches and has been simplifying the process for retail investors. Its straightforward paperwork and clear instructions make it a good option for beginners.
9. Polaris Bank
Polaris Bank offers treasury bills to both retail and corporate clients. It allows investments through branches, with flexible tenors available. The bank has been improving its digital banking services, which makes it easier to monitor investments.
10. EcoBank
EcoBank is also among the top banks for treasury bills in Nigeria. It provides access to both CBN auctions and the secondary market. With its strong digital banking system, EcoBank customers can enjoy convenience and reliability in managing their T-bill investments.
How to Choose the Best Bank for Treasury Bills
When deciding which bank to use, consider these factors:
- Ease of process – Does the bank simplify forms and investment steps?
- Minimum investment amount – Some banks allow smaller amounts than others.
- Customer service – A responsive bank makes it easier to manage your investment.
- Digital access – Apps and online platforms can save you trips to the branch.
Final Thoughts
Treasury bills remain one of the safest and most rewarding investments in Nigeria. While the CBN issues them, commercial banks make them available to individuals and institutions. The best banks for treasury bills in Nigeria include Zenith, GTBank, Access, First Bank, UBA, Fidelity, Stanbic IBTC, Union Bank, Polaris, and EcoBank.
Choosing the right bank depends on your investment size, preferred tenor, and how much convenience you want in managing your funds. With any of these top banks, you can safely grow your money through treasury bills.
