CBN Opens N1.15 Trn Worth of Treasury Bills for Subscription
The Central Bank of Nigeria (CBN) opened N1.15 trillion worth of Nigerian Treasury bills for investors’ subscription on Wednesday. The primary market action surfaced 24 hours after the authority raised N2.71 trillion from OMO bills subscription.
The aggressive mop up was met with rates that a slew of Broadstreet analysts considered healthy to attract yield-hunting investors in the fixed-income market.
At the main auction, the Apex Bank offered N150 billion in Nigerian Treasury bills that will expire in 91 days for subscription. The auction circular showed that 182 days’ worth of local bills worth N200.00 billion was placed on the board for investors’ subscription.
At the long end of the curve, the CBN offered investors the opportunity to invest N800 billion in Treasury bills with 364-day tenor. Analysts said the first auction in 2026 shows the authority would be a lot more aggressive and hoping for rates repricing.
At the time of writing, the market awaits the release of the auction result. Ecobank Nigeria Settles $300m Eurobond Ahead of Maturity
