Current T-bill rates
Understand why the MPR is the anchor for Nigerian interest rates.
In this lesson
Current T-bill rates is part of Treasury Bills Lab. This preview shows how investment-universe connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.
Today’s money mission
Imagine this situation: T-bill rates were 12% last year. Today they are 20%. Inflation is currently 28%.
What you need to know
The MPR is the anchor for Nigerian interest rates. T-bill yields, savings rates, and loan rates all adjust in response to MPR changes. When the CBN tightens (raises MPR) to fight inflation, T-bill yields rise — attracting investors and reducing money supply. Understanding MPR helps anticipate rate movements.
Real-life example
Real-life money moment: T-bill rates were 12% last year. Today they are 20%. Inflation is currently 28%. Are T-bills still a good investment? The key lesson is: Nominal vs real: even at 20%, if inflation is 28%, you lose 8% purchasing power annually.
Progress Penguin connection
Open the investment simulator and enter the current T-bill rate (ask a parent or search CBN data). Apply it to ₦100,000 for 91 days. Calculate the naira return at maturity. That specific number is what ₦100,000 in a T-bill earns in one quarter at today's rates.
Activity preview
Try the money challenge
Run the investment model and test: the MPR is the anchor for Nigerian interest rates. Adjust one variable — time, rate, or amount — and note which has the biggest effect on the final balance.
Try one real money action
Open Tasks and submit proof for one task, or open Requests and make a deposit request. Parent approval can happen later.
Quiz preview
T-bill rates in Nigeria recently have been:
T-bill rates were 12% last year. Today they are 20%. Inflation is currently 28%. Are T-bills still a good investment?