CBN offers N900 billion at first Treasury Bills auction of fourth quarter 2026
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N900 billion in Nigerian Treasury Bills (NTBs) on Wednesday, October 7, 2026, with the one-year instrument accounting for the bulk of the offer. The post CBN offers N900 billion at first Treasury Bills auction of fourth quarter 2026 appeared first on Nairametrics .
On October 7, 2026, the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) will offer N900 billion in Nigerian Treasury Bills (NTBs) during the first auction of the fourth quarter. The 91-day and 182-day bills will together account for N200 billion, or approximately 11.1% of the total, each. The remaining N700 billion, making up 77.8% of the offer, will be allocated to the 364-day bill.
The auction settlement is scheduled for October 8, and the indicative NTB issuance calendar will be released soon. The quarterly programme will outline the government's planned issuance, the expected maturity of old bills, and the auction and maturity dates. The first quarter of 2026 has seen a decline in stop rates, which currently sit at 15.89%, following a 350-basis-point reduction in the Monetary Policy Rate to 23.00%.
The 364-day bill, accounting for the bulk of the N700 billion offer, has attracted significant investor demand at recent auctions, with the DMO allotting N497.59 billion at the September 23 auction. The DMO targeted approximately N5.8 trillion for the third quarter, but managed to allot N8.14 trillion across eight NTB auctions, surpassing expectations by 40.34%.
As liquidity conditions remain favorable for fixed-income demand, investors are expected to closely monitor demand for the N700 billion one-year offer and whether its stop rate declines further at the October 7 auction.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
