CBN to Open N750bn Ad hoc T-Bills Auction for Subscription
The Central Bank of Nigeria (CBN) will be conducting an ad hoc treasury bills auction sale midweek following the latest adjustment to its fourth quarter (Q4) of 2025 offer circular.
The auction for next week was not in CBN’s original plan but was influenced by government demand for short-term borrowings amidst tight fiscal performance, some analysts said.
The monetary authority seeks to raise about N1.09 trillion above its original plan following a recent spot rate hike on one-year treasury bills allotment at 17.50%.
On Wednesday, CBN will float N750.00 billion worth of Treasure bills for subscription amidst rising liquidity in the money market.
The authority will float N100 billion worth of Nigerian Treasury bills with 91 days maturity which was priced at 15.30% at the previous auction.
The Apex Bank will also welcome investors’ subscription for N150 billion worth of Nigerian Treasury bills with 182 days maturity, which attracted a 15.50% spot rate at the previous auction session.
At the long end, the CBN will invite investors to subscribe to Nigerian Treasury bills with 364 days maturity totalling N500 billion after it adjusted the rate to 17.50% at the previous auction.
The final auction scheduled to be held on December 17 has been increased from N365.00 billion to N700.00 billion. The treasury bills offer is made up of N100.00 billion for the 91-Day, N100.00 billion for the 182-Day, and N500.00 billion for the 364-Day.
