Niger Treasury Bill Rates Today
Current Niger Treasury bill rates from UMOA-Titres, plus how BAT Treasury bills with maturities of one year or less bills work and how investors can access them.
Current Niger Treasury Bill Rates
As of May 21, 2026, the latest official Niger Treasury bill curve is shown below. Rates are dated auction observations in XOF; the page never substitutes a manually typed rate, bond coupon or price.
Source: UMOA-Titres auction results. Full dated dataset: Niger bond market.
What Are Treasury Bills in Niger?
Niger Treasury bills are short-term government securities issued or administered through UMOA-Titres. The standard market includes BAT Treasury bills with maturities of one year or less, with investors receiving the maturity value after buying the bill at the auction or secondary-market price.
Niger issues short-term BAT Treasury bills through the shared UEMOA market. Auctions settle in West African CFA francs through the regional central-bank and dealer network; OAT are longer Treasury bonds and are reported separately from bill yields.
Local terminology: BAT, adjudication, rendement moyen pondéré and West African CFA franc. The official yield convention matters: discount rate, effective yield and weighted average yield are related but not interchangeable.
How to Buy Treasury Bills in Niger
Investors generally use a licensed bank, primary dealer or SGI connected to the regional government-securities market. The intermediary should confirm access rules for the Nigerien issue, the value date, maturity proceeds and transaction charges.
Choose a regulated channel
Use an authorised bank, dealer, broker or official depository route that can identify the security and explain its fees.
Select the maturity
Compare the available BAT Treasury bills with maturities of one year or less bills using the same yield convention and a maturity that fits your cash needs.
Confirm price and settlement
Ask for the amount paid today, the maturity value, settlement date, charges and treatment if you need to sell before maturity.
Keep the allotment record
Retain the security reference, settlement confirmation and maturity instructions; verify that proceeds reach the nominated account.
How Treasury Bill Returns Work
Treasury bills are commonly issued at a discount: the investor pays less than the maturity value and receives the full face value when the bill matures. The cash gain is the maturity value minus the purchase amount, before fees and taxes.
An annualised auction rate is not the same as the percentage cash gain over a three- or six-month holding period. Investors should compare effective yields calculated on the same basis and confirm whether the published field is a discount rate, accepted yield or weighted average yield.
Recent Niger Treasury Bill Auctions
Dated primary-market results. Amounts are shown in millions of XOF where the official release supplies them.
| Auction date | Tenor | Yield | Offered | Allotted |
|---|---|---|---|---|
| May 21, 2026 | 12-month | 9.8800% | 180,810m XOF | 10,841m XOF |
| May 7, 2026 | 36-day | 9.8740% | 386,676m XOF | 37,131m XOF |
| May 7, 2026 | 1-month | 2.5100% | 386,676m XOF | -12,901m XOF |
Treasury Bills vs Savings, Fixed Deposits and Bonds
| Instrument | Typical term | Return | Main considerations |
|---|---|---|---|
| Treasury bill | One year or less | Discount or auction yield | Sovereign, inflation, currency and early-sale risk |
| Savings account | On demand | Bank deposit interest | Liquidity, bank terms and deposit-protection limits |
| Fixed deposit | Agreed bank term | Fixed deposit rate | Early-withdrawal penalty and bank credit exposure |
| Government bond | More than one year | Coupon plus price movement | Duration, market-price, inflation and liquidity risk |
Niger Treasury Bills FAQ
What are Niger Treasury bill rates today?
The latest validated Niger Treasury bill observations as of May 21, 2026 are 1-month: 2.5100%, 12-month: 9.8800%. Mansa Markets pulls these dated rates from UMOA-Titres auction results; they are not manually entered estimates.
How can I buy Treasury bills in Niger?
Investors generally use a licensed bank, primary dealer or SGI connected to the regional government-securities market. The intermediary should confirm access rules for the Nigerien issue, the value date, maturity proceeds and transaction charges. Access rules and minimum order sizes can change, so confirm the current requirements with a regulated institution before transferring money.
Are Niger Treasury bills risk free?
Niger Treasury bills are short-term obligations of the sovereign issuer and are generally treated as lower-credit-risk local-currency instruments. They are not free of inflation, currency, liquidity, reinvestment or sovereign risk, and selling before maturity can change the realised return.
What is the difference between a Treasury bill rate and return?
A quoted bill rate is an annualised auction measure, while the investor's cash return depends on the purchase price, maturity value, holding period, fees and tax treatment. Compare instruments using the same yield convention and maturity rather than comparing headline percentages alone.
How often do Niger Treasury bill rates change?
Niger rates can change at each the UMOA-Titres sovereign issuance calendar. Mansa Markets checks the official release pipeline and displays the underlying auction date, while this article is server-rendered on a six-hour cache window.