CBN to Auction N700bn Treasury Bills on September 3
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion worth of Nigerian Treasury Bills (NTBs) at its first auction for September 2026, scheduled for September 3. This auction will include three maturities: N100 billion for the 91-day bill, N100 billion for the 182-day bill, and N500 billion for the 364-day bill.
Money Market Dealers are required to submit their bids through the CBN S4 Web Interface between 8:00 a.m. and 11:00 a.m. on September 2. Bids must be in multiples of N1,000, with a minimum bid of N50.001 million.
The CBN reserves the right to reject bids or adjust the amount offered based on market conditions. The auction results will be released on September 2, with allotment letters issued on September 3, and successful bidders must make payments by 11:00 a.m. that day.
The DMO and CBN plan to issue N5.8 trillion in Treasury Bills between July and September 2026, with the 364-day bills making up about 69% of this issuance.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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