CBN cuts Nigerian Treasury Bills yield below 17%, lowest since June 3
The Central Bank of Nigeria (CBN) allotted N865.71 billion at its Wednesday, September 2, 2026, Treasury Bills primary market auction, cutting the stop rate on the one-year bill to 16.84%, its lowest level since the June 3 auction, and the second straight rate cut. The post CBN cuts Nigerian Treasury Bills yield below 17%, lowest since June 3 appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) conducted a primary market auction for Treasury Bills on September 2, 2026, lowering the stop rate for the one-year bill to 16.84%, marking the lowest level since June 3 and the second consecutive rate cut. Investors submitted bids totaling N3.35 trillion against the N700 billion offered by the CBN, which ultimately allotted N865.71 billion, exceeding the original offer by N165.71 billion.
The demand was heavily concentrated on the 364-day bill, accounting for approximately 96.7% of total subscriptions, with the 91-day and 182-day bills receiving only a fraction of the attention. The stop rate for the 364-day bill fell by 31 basis points to 16.84% from 17.15% in the previous auction. Despite the lower stop rate, the 364-day bill's yield remains attractive relative to the shorter tenors.
The auction's results suggest a continued preference for longer-term yields and may signal an early indication of the broader interest rate environment ahead of the upcoming Monetary Policy Committee meeting.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
