CBN to Refinance Matured Treasury Bills worth N369bn
The Central Bank of Nigeria (CBN) will refinance maturing Treasury bills worth N369 billion via a primary market auction (PMA) scheduled for Wednesday. The authority will open N400 billion worth of Treasury bill papers across standard maturities to refinance its matured bills with some analysts projecting possible downward rate adjustments.
In the secondary market, transactions on Nigerian bills opened with a slightly soft tone before midday brought wider spreads across the curve. The Dec ’25 and Mar ’26 papers saw the most action, with the NTB average mid-rate eventually ticking higher.
Traders reported that the Nigerian Interbank Treasury Bills True Yield rose across all tenors, as strong investor selloffs drove the average yield higher by 0.14%, closing at 21.04% #CBN to Refinance Matured Treasury Bills worth N369bn Pension Fund Assets Grows to N23.366 Trillion
