CBN to Offer Treasury Bills worth N800bln for Subscription
The Central Bank of Nigeria (CBN) has revealed a plan to open N800 billion worth of Nigerian Treasury Bills (NTB) across standard maturities for subscription at the primary market auction (PMA) scheduled for Wednesday.
Meanwhile, a total sum of N927.256 billion in Nigerian bills is expected to mature, suggesting the auction is for part-refinancing of the maturing amount – given that the total amount to be raised is below the amount for repayment.
At the main auction for Wednesday, the Debt Management Office (DMO) on behalf of the CBN will launch a total offer across 91-day, 182-day, and 364-day periods. The total inflows from maturing Treasury bills are expected to be N925 billion.
Further details from the auction circular revealed that the authority will open N50 billion worth of 91-day treasury bills for investor subscription, N100 billion worth of 182-day bills, and N650 billion for 364-day bills.
Information obtained showed that N21.304 billion worth of 91-day Nigerian Treasury bills will mature. Also, the market expects N3.914 billion from 182-day matured bills and N902.037 billion from 364-day paper. While the auction will be conducted on Wednesday, the authority has set Thursday as the settlement day.
In the secondary market, trading activity was subdued as investors positioned for the midweek auction, with limited trading concentrated on mid-to-long tenors—Jan./Mar. 2026 bills. The average yield expanded by 67 bps to 20.6% due to sell pressures. #CBN to Offer Treasury Bills worth N800bln for Subscription; FCMB Climbs as Investors Await Audited Results
