Nigeria’s central bank schedules fresh N850 billion Treasury Bills auction as strong investor demand pushes government borrowing higher.
The Central Bank of Nigeria plans to raise N850 billion through a new Treasury Bills auction scheduled for March 11, 2026, on behalf of the Debt Management Office.
According to the tender notice sent to primary market dealers, the offering will include N100 billion in 91-day bills, N150 billion in 182-day bills, and N600 billion in 364-day bills. The auction will follow the Dutch auction system, where pricing reflects actual investor demand.
Bids must be submitted electronically through the Scripless Securities Settlement System (S4) between 8:00 a.m. and 11:00 a.m. on the auction date, with settlement scheduled for the following day.
The planned sale follows a March 4 auction where the CBN raised about N1.01 trillion after receiving N2.34 trillion in subscriptions. Analysts say strong demand—especially for the 364-day bills—signals investor expectations for higher yields amid evolving monetary conditions.
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