DMO Secures N968.47 Billion in Treasury Bills Auction

On October 7, 2026, the Debt Management Office (DMO) allotted N968.47 billion in Nigerian Treasury Bills (NTBs), exceeding its N900 billion offer due to strong investor demand. The auction, conducted through the Central Bank of Nigeria (CBN), received approximately N1.77 trillion in total subscriptions across three tenors, indicating a demand of about 2.0 times the amount offered.

The one-year instrument attracted significant interest, with investors submitting N1.683 trillion for the N700 billion offered, leading to an allotment of N885 billion and a decline in the stop rate to 15.85%, down four basis points from 15.89%. This stop rate is 185 basis points lower than the peak of 17.70% recorded on July 8.

In contrast, the shorter tenors of 91-day and 182-day bills saw weak subscriptions, with neither attracting half of their N100 billion offers. The auction occurred amid substantial liquidity management by the CBN, which withdrew N3.31 trillion through an OMO auction the previous day.