VNG-TBI

Venoble Nigeria T-Bill Total Return Index

Measures what you would have earned by continuously rolling 91-day Nigerian Treasury Bills at each auction's stop rate since 2002. The index compounds every auction, giving the full nominal return from the safest naira-denominated instrument.

Level

10,288.54

YTD

+2.96%

1Y Return

+16.20%

Annualized

+10.09%

Since Inception

+928.85%

As of 2026-04-01

v2.0 | primary

Back-tested data prior to 2026-04-08. Live data from 2026-04-08.

Data is stale. The values shown may not reflect current market conditions.

Performance

Monthly Returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	YTD
2002		1.7	1.9	1.9	1.9	1.7	1.7	1.5	1.4	1.4	1.4	1.3	19.3
2003	1.2	1.1	1.3	1.3	1.3	1.3	1.4	1.4	1.2	1.2	1.2	1.2	16.1
2004	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	15.5
2005	1.2	1.0	0.9	0.8	0.6	0.4	0.4	0.4	0.3	0.3	0.6	1.0	8.0
2006	1.0	0.9	0.7	0.6	0.4	0.4	0.7	0.6	0.5	0.5	0.4	0.6	7.4
2007	0.6	0.5	0.6	0.6	0.6	0.6	0.6	0.6	0.5	0.6	0.6	0.6	7.2
2008	0.7	0.7	0.7	0.7	0.7	0.7	0.8	0.8	0.7	0.7	0.7	0.6	8.8
2009	0.4	0.1	0.2	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.3	3.9
2010	0.4	0.2	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.6	0.6	0.6	3.7
2011	0.6	0.6	0.6	0.8	0.8	0.7	0.6	0.6	0.6	1.1	1.2	1.2	10.0
2012	1.2	1.2	1.2	1.2	1.1	1.1	1.2	1.2	1.1	1.1	1.0	1.0	14.6
2013	1.0	0.8	0.8	0.9	0.9	1.0	1.0	1.0	0.9	0.9	0.9	0.9	11.5
2014	0.9	0.9	1.0	1.0	0.9	0.8	0.8	0.8	0.8	0.8	0.8	0.9	11.1
2015	1.0	0.8	0.9	0.9	0.9	0.8	0.9	0.9	0.8	0.8	0.5	0.4	9.9
2016	0.3	0.4	0.5	0.6	0.7	0.7	1.0	1.3	1.2	1.2	1.2	1.2	10.7
2017	1.2	1.1	1.2	1.1	1.2	1.1	1.2	1.1	1.1	1.1	1.1	1.1	14.4
2018	1.1	0.9	1.0	0.9	0.9	0.8	0.9	0.9	0.9	0.9	0.9	0.9	11.6
2019	0.9	0.8	0.9	0.8	0.9	0.8	0.9	0.8	0.9	0.9	0.7	0.4	10.3
2020	0.3	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	1.7
2021	0.0	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	2.1
2022	0.2	0.2	0.2	0.1	0.2	0.2	0.2	0.3	0.4	0.6	0.5	0.5	3.6
2023	0.2	0.1	0.2	0.5	0.4	0.3	0.3	0.5	0.5	0.4	0.6	0.6	4.5
2024	0.4	1.2	1.4	1.3	1.4	1.4	1.4	1.6	1.4	1.5	1.4	1.5	17.1
2025	1.5	1.4	1.5	1.5	1.6	1.5	1.4	1.3	1.3	1.3	1.3	1.3	18.1
2026	1.3	1.2	1.4	0.4									4.3

Past performance is not indicative of future results. Index returns are for illustrative purposes and do not represent actual investment returns. The index is not investable and does not reflect transaction costs, taxes, or management fees.

Index Profile

Inception2002-01-03

Base Date2002-01-03

Base Value1,000

CurrencyNGN

FrequencyDaily

Asset ClassFixed_income

ComponentsCBN 91-Day NTB Auction Stop Rates

Methodology2.0

Downloads

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