CBN to Auction N800 Billion Treasury Bills on October 28

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N800 billion in Nigerian Treasury Bills (NTBs) on Wednesday, October 28, 2026. This decision comes as banks' placements at the CBN’s Standing Deposit Facility (SDF) reached N6.98 trillion on Tuesday, October 27.

The auction is expected to benefit from significant liquidity following the settlement of N2.132 trillion in Open Market Operation (OMO) maturities and N53.493 billion in primary market maturities. The N800 billion Treasury Bills offer includes three tenors, with the 364-day instrument making up N600 billion, or 75% of the total offer.

The auction will be conducted through a Dutch auction, 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 support reinvestment demand.

The final allotment and stop rates will depend on actual subscriptions and the CBN’s liquidity-management operations.