CBN Sells N1.15tn Bills, Investors Monitor Yields Amid Rate Expectations

The Central Bank of Nigeria conducted its second treasury bill auction in January 2026, offering N1.15tn worth of instruments with maturities of 91, 182, and 364 days. The auction outcome is closely watched for signals on short-term interest rates, inflation trends, and monetary policy tightening.

Analysts note concerns about inflation, exchange rate pressures, and the need for tight financial conditions. Yields across the curve are expected to rise, reflecting investor preference for longer-dated securities with higher returns in an uncertain rate environment.