The Central Bank of Nigeria (CBN) is set to raise N600 billion through a Nigerian Treasury Bills (NTB) auction scheduled for Wednesday as part of its third-quarter 2026 domestic borrowing programme and ongoing liquidity management strategy.
According to an official tender notice issued by the apex bank on behalf of the Debt Management Office (DMO), the auction will offer Treasury bills across the three standard maturities of 91 days, 182 days and 364 days.
The planned issuance comes a week after the CBN allotted N1.06 trillion at its July 8 Treasury bills auction, significantly exceeding the initial offer of N700 billion following strong investor demand, particularly for the one-year instrument.
The latest auction forms part of the CBN’s broader Q3 2026 Treasury bills issuance programme, under which the apex bank plans to raise N5.8 trillion between July and September. The programme is aimed at managing liquidity, supporting government financing needs and sustaining attractive yields in the fixed-income market.
Market analysts expect demand to remain robust, especially for the 364-day bill, after the stop rate on the one-year tenor rose to 17.70 per cent at the previous auction, reflecting investors’ appetite for longer-dated government securities in the prevailing high-interest-rate environment.
The July 15 auction is also expected to reinforce the CBN’s tight monetary policy stance, with the central bank continuing to withdraw excess liquidity from the financial system as it seeks to curb inflationary pressures.
