Two popular short-term options compared for educational purposes.
Money-market funds and treasury bills both sit at the conservative end of Nigerian investing, but they work differently.A money-market fund pools investors' money into short-dated instruments, offering professional management and easy entry — often from a few thousand naira. Liquidity depends on the fund's redemption terms.
Treasury bills are direct obligations of the federal government, sold at a discount and repaid at face value at maturity. They carry sovereign credit risk (very low in domestic-currency terms) but tie capital to the tenor.
Neither is 'better' — the right choice depends on your liquidity needs, minimum amounts and access. Our investment section profiles the structures in detail, always with the reminder that returns are never guaranteed.