How is NITTY determined?

How is NITTY determined?

Nigerian Inter-Bank Treasury Bills True Yields (“NITTY”) is determined using the actual Mark to Market (“MTM”) discount rates from ten (10) money market dealers chosen based on pre-determined criteria. The bid discount rates are then translated to their money market equivalent i.e. true yields. This represents what money market dealers are earning. Once translated, these yields can be used as a basis to form rates that coincide with or are nearest to the various NITTY tenor benchmarks.

FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…
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