NTB Subscriptions Drop to N6.13 Trillion in 2026
In the first two months of 2026, subscription to Nigerian Treasury Bills (NTBs) fell to N6.13 trillion, marking a 37% decline from N9.68 trillion recorded in the same period in 2025, according to data from the Central Bank of Nigeria (CBN). In January 2026, total NTB subscriptions reached N4.69 trillion, a 197% month-on-month increase from N1.54 trillion in December 2025.
However, the total amount settled by CBN was N2.1 trillion, a 23% decrease from N2.72 trillion in the first two months of 2025. The spot rate for 364-day NTBs dropped to 16.99% in February 2026, compared to 18.43% in February 2025.
The CBN has adjusted its discount rates due to strong demand, with the current inflation rate at 15.05% as of January 2026. Investor demand for long-maturity NTBs has increased, contributing to the total subscription.
The CBN's Monetary Policy Committee is expected to meet in 2026 to discuss interest rates amid a slowing inflation rate.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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