CBN to Auction N800 Billion Treasury Bills on October 28
On October 28, 2026, the Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will auction N800 billion in Nigerian Treasury Bills (NTBs). This decision comes as banks' placements at the CBN’s Standing Deposit Facility reached N6.98 trillion on October 27.
The auction is expected to benefit from substantial liquidity due to N2.132 trillion in Open Market Operation (OMO) maturities and N53.493 billion in primary market maturities settled on the same day. The offer includes three tenors, with the 364-day Treasury Bill representing N600 billion, or 75% of the total.
The auction will be conducted through a Dutch auction format, and the Financial Markets Dealers Association (FMDA) anticipates additional liquidity from maturing instruments and coupon payments. The auction coincides with N130.72 billion in maturing Treasury Bills, with settlement scheduled for October 29, which may enhance reinvestment demand.
The final allotment and stop rates will depend on actual subscriptions and the CBN’s liquidity management.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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