As a discount house, our core activity is securities trading, with treasury bills and other approved government securities constituting, the largest component of our securities holding. Hence we are the best source of treasury bills investments of any tenor or maturity. We can provide treasury bills of maturities ranging from the full tenor of 91 days (obtainable from the primary market) to 1 day (i.e. secondary market transaction).

Open Buy Back (OBB) – This is a deposit product that involves outright transfer of treasury bills of equivalent amount to a bank in consideration for the deposit placed with ADH. The transaction can be as short as 1 day (overnight) or as long as 91 days. Being an Open Buy Back, the bank can call for its deposit at anytime by returning the treasury bills to ADH.

Secured Placement – To enable both parties enjoy some flexibility regarding the maturity of treasury bills offered in consideration for a deposit from a bank, a pledge, rather than an outright transfer, of the bills may be made. This transaction is referred to as a secure placement with the mode of the exchange of treasury bill securing the deposit as the only feature distinguishing it from an OBB.

Repurchase Agreement (REPO) – A repurchase agreement involves the sale of an instrument with a commitment to buy it back at a future date. A repo is used by an institution to raise a bridging finance. Similarly a reverse repo is entered into by an institution to invest its surplus funds by purchasing an instrument coupled with a commitment to sell same back at a future date.

As a primary dealer Central Bank of Nigeria's Open Market Operations (OMO) ADH is able to offer the best rates to treasury bill investors, and also offers the best terms for the rediscounting of treasury bills should the investor have a sudden need for money before the treasury bill investment matures.

Public Sector Investment Notes (PS Notes) – An investment product through which government agencies and parastatals can invest in treasury bills and eligible commercial bills mostly issued by the leading companies in the productive sectors of the economy.

Associated Commercial Bills Scheme Investment (Tenored ACBIS) – The ACBIS is a dedicated pool of investible funds into which investors contribute. The funds are deployed towards satisfying the working capital requirements of credible and properly constituted companies in the commercial, manufacturing, telecommunications, oil and gas and similar sectors of the economy. The companies are usually of good standing and their obligations must command investment grade status. Commercial Bill is the generic name for the instruments (frequently called Commercial Paper or Bankers Acceptance) such companies execute as evidence of the facility obtained.

ACBIS Investment can be held for redemption at will, that is, at the customer’s instance, Call Investment, or after a fixed period determined at inception, fixed Investment. Both kinks of investment can have the interest paid at the inception or at maturity of the investment.

Advisory Services
We offer both financial and business advisory services to assist our clients in making informed decisions.