CBN Allocates N673 Billion to One-Year Treasury Bills

At the auction held on November 11, 2026, investors showed a strong preference for Nigeria's one-year Treasury bills, committing N1.08 trillion to the 364-day instrument. This demand represented nearly 180 percent of the N600 billion offered by the Central Bank of Nigeria (CBN), accounting for approximately 96.2 percent of total bids across three maturities.

The CBN allotted N713.31 billion in total, with N672.91 billion going to the one-year bill, exceeding its initial offer by N72.91 billion. In contrast, the 91-day and 182-day bills attracted significantly lower bids of N19.18 billion and N23.02 billion, respectively.

The CBN maintained the stop rate on the 91-day bill at 15.40 percent and the 182-day instrument at 15.79 percent, while the rate on the 364-day bill increased to 15.89 percent. This auction continues a trend of concentrated demand for longer-dated T-bills, with the one-year security accounting for about 94.3 percent of total allotments.