VNG-TNR

Venoble Nigeria T-Bill Nominal Return Index

Tracks the nominal (pre-inflation) return from investing in 91-day Nigerian Treasury Bills. Derived from the VNG-CRR pipeline, this isolates the raw yield before inflation adjustment, showing what T-bill holders earned in naira terms.

Level

1,196.76

YTD

+1.25%

1Y Return

+18.09%

Annualized

+1.06%

Since Inception

+19.68%

As of 2026-02-01

v1.0 | derived

Back-tested data prior to 2026-02-01. Live data from 2026-02-01.

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
2009		0.2	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.4	0.4		3.5
2010	0.3	0.2	0.1	0.1	0.1	0.2	0.2	0.2	0.5	0.6	0.6	0.6	3.9
2011	0.6	0.6	0.8	0.8	0.7	0.6	0.6	0.6	0.9	1.3	1.2	1.2	10.5
2012	1.3	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.1	1.1	1.0	1.0	14.9
2013	0.9	0.7	1.0	0.9	1.0	1.0	1.0	1.0	0.9	0.9	0.9	0.9	11.6
2014	0.9	0.9	1.0	0.9	0.9	0.8	0.8	0.9	0.8	0.8	0.8	1.0	11.2
2015	1.0	0.8	0.9	0.8	0.9	0.8	0.9	0.9	0.9	0.7	0.4	0.3	9.8
2016	0.4	0.4	0.5	0.7	0.7	0.8	1.2	1.3	1.2	1.2	1.2	1.2	11.3
2017	1.2	1.1	1.2	1.1	1.2	1.1	1.2	1.2	1.1	1.1	1.1	1.1	14.6
2018	1.0	0.9	1.0	0.9	0.9	0.8	0.9	1.0	0.9	0.9	0.9	0.9	11.7
2019	1.0	0.9	0.9	0.8	0.9	0.8	0.8	1.0	0.9	0.8	0.5	0.3	10.1
2020	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	1.6
2021	0.0	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	2.2
2022	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.3	0.5	0.6	0.5	0.2	3.6
2023	0.0	0.2	0.5	0.4	0.2	0.2	0.5	0.4	0.4	0.5	0.7	0.6	4.9
2024	0.4	1.4	1.4	1.4	1.4	1.4	1.6	1.6	1.4	1.5	1.5	1.6	18.0
2025	1.6	1.3	1.6	1.5	1.6	1.5	1.3	1.3	1.3	1.3	1.3	1.4	18.4
2026	1.4	1.2											2.6

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

Inception2009-02-01

Base Date2009-02-01

Base Value1,000

CurrencyNGN

FrequencyDaily

Asset ClassCash

ComponentsCBN 91-Day NTB

Methodology1.0

Downloads

Documentation coming soon.

All Indices