CBN to Auction N700 Billion in Treasury Bills on Sept 3

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will conduct an auction for N700 billion in Treasury Bills on September 3, 2026. This auction includes N100 billion for the 91-day bill, N100 billion for the 182-day bill, and N500 billion for the 364-day bill.

All Money Market Dealers are required to submit bids through the CBN S4 Web Interface on September 2, 2026, between 8:00 a.m. and 11:00 a.m. The CBN plans to offer a total of N1.7 trillion in September, with this auction being one of the final three for Q3.

The results will be announced on September 2, and payment for successful bids is due by 11:00 a.m. on September 3. The Q3 NTB program aims to issue N5.8 trillion in Treasury Bills from July to September 2026.

Analysts, including Mr. Tajudeen Olayinka and Mr. Charles Fakrogha, have commented on the implications of maintaining high interest rates for foreign investments and the CBN's strategy for controlling money supply and inflation.