Close Menu
    Subscribe
    Sunday, May 17
    Markets

    CBN Targets N700bn Raise from Nigerian Treasury Bills Auction

    Julius AlagbeBy No Comments2 Mins Read
    CBN Targets N700bn Raise from Nigerian Treasury Bills Auction
    Yemi Cardoso, CBN Gov

    CBN Targets N700bn Raise from Nigerian Treasury Bills Auction

    The Central Bank of Nigeria (CBN) is scheduled to conduct the first Treasury Bill auction for the month on May 6, 2026, according to a financial market circular released. 

    The Apex Bank targets N700 billion across standard maturities, including 91-day, 182-day, and 364-day Treasury bills.  The Apex Bank will offer N100.00 billion for the 91-Day tenor, N50.00 billion for the 182-Day tenor, and N550.00 billion for the 364-Day tenor.

    Subscription is anticipated to be strong due to a sufficient liquidity level in the financial system, with analysts saying banks will continue to step up investment in securities.

    Banking system liquidity opened with a surplus balance of ₦6.61 trillion, an improvement of ₦1.05 trillion from the previous open of ₦5.56 trillion.

    The increase was mainly driven by ₦2.71 trillion inflow from the 05- May-2026 OMO maturity, further supported by ₦3.43 trillion banks’ placements at the standing deposit facility.

    In the secondary market, trading activity was completely flat as investors stood on the sidelines ahead of the upcoming Primary Market Auction.

    With market participants adopting a wait-and-see approach, trading activity was non-existent, leaving yields unchanged across the entire curve and reflecting a total pause in positioning. Fidelity Bank: Analysts See 36% Upside on Price Target

    Share.

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Related Posts

    Add A Comment

    Comments are closed.