Nigerian Treasury Bill Subscriptions Hit N32.66 Trillion, 364-Day Rate Slips to 16.04%

The Nigerian Treasury Bill (NTB) market sees a total subscription of N32.66 trillion by November 2025, with a decrease in the 364-day rate to 16.04%. The Central Bank of Nigeria (CBN) offers NTBs as a safe investment option against double-digit inflation rates in the country.

The increased demand for long-maturity NTBs has led to rising stop rates, reaching a high of 20.32% in February 2025. This surge in subscriptions reflects investor confidence in NTBs as a secure investment amid economic uncertainties.