CBN Lowers One-Year T-Bill Yield After N3.62tn Bids
The Central Bank of Nigeria (CBN) conducted a primary market auction on Wednesday, reducing the stop rate on its one-year treasury bill to 17.35%, down from 17.66% at the previous auction. This reduction followed overwhelming investor interest, with total subscriptions reaching approximately N3.62tn against an offer of N700bn across three maturities.
The 364-day bill attracted N3.38tn in bids for an offer size of N500bn, indicating an oversubscription of nearly seven times. The CBN allotted about N1.25tn across the 91-day, 182-day, and 364-day instruments, with over N1.02tn allocated to the one-year bill.
The 91-day T-bill saw subscriptions of N135.74bn with a stop rate of 16.30%, while the 182-day bill had N104.74bn in subscriptions, maintaining a stop rate of 16.50%. This auction is part of the CBN's N5.8tn gross issuance programme for the third quarter of 2026, with allotment letters scheduled for 30 July 2026.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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