{
  "id": 3373756,
  "title": "Amid N36.2tn Subscription, CBN Raises N14.5tn via TBs as 364-day Bills Dominate",
  "url": "https://urgent.news/2026/08/25/amid-n36-2tn-subscription-cbn-raises-n14-5tn-via-tbs-as-364-day-bills",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T23:19:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/26/amid-n36-2tn-subscription-cbn-raises-n14-5tn-via-tbs-as-364-day-bills-dominate/"
  },
  "original_language": "en",
  "account": "The Central Bank of Nigeria (CBN) raised a substantial amount of N14.5 trillion through Nigerian Treasury Bills (NTB) in the seven months of 2026, up 46.7 per cent from N24.7 trillion in the same period of 2025. This surge in subscriptions, amounting to N36.21 trillion, reflects investors' pursuit of yield certainty and positions for various investment horizons. The CBN's primary market tool, NTB, aids in regulating liquidity in the banking system by absorbing excess cash, controlling inflation, and stabilizing foreign exchange rates. The spot rates for 91-Day NTB rose to 16.3 per cent by July 2026 from 15.80 per cent in January 2026, while 182-Day and 364-Day rates followed suit. The CBN's liquidity tightening strategy, driven by the dominance of longer-dated instruments, is expected to influence fixed income and equity markets as investors shift their portfolios.",
  "summary": "Kayode Tokede Boosted by investors desire for 364-day bills in search of yield certainty, the Central Bank of Nigeria (CBN) raised an estimated N14.5 trillion via the Nigerian Treasury Bills",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}