{
  "id": 3724760,
  "title": "CBN cuts one-year T-bill rate by 44bps as N3.63 trillion bids chase N500 billion offer",
  "url": "https://urgent.news/2026/08/27/cbn-cuts-one-year-t-bill-rate-by-44bps-as-n3-63-trillion-bids-chase",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T10:58:33.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/08/27/cbn-cuts-one-year-t-bill-rate-by-44bps-as-n3-63-trillion-bids-chase-n500-billion-offer/"
  },
  "original_language": "en",
  "account": "On Wednesday, August 26, 2026, the Central Bank of Nigeria (CBN) reduced the one-year Treasury Bill (T-bill) rate by 44 basis points to 17.15%, marking a significant contrast to a previous rate hike of 364-day T-bill to 17.59% during a similar auction. This decision came after a massive N3.63 trillion of investor bids poured into the 364-day T-bill, exceeding the N500 billion offered by more than seven times. Despite this overwhelming demand, rates on shorter tenors remained unchanged. The CBN ultimately allotted N762.89 billion across the three maturities, surpassing the initially offered N700 billion by about N62.89 billion. The one-year instrument accounted for approximately 95.9% of total subscriptions, followed by the 182-day bill, which was significantly undersubscribed. The six-month bill saw the weakest demand, with only N52.93 billion of the N100 billion offered being taken up. The stop rate remained at 16.30% for the 91-day bill, and 16.50% for the six-month bill. The strong headline demand was primarily driven by the one-year instrument, which made up about 95.9% of total subscriptions.",
  "summary": "At the primary market auction on Wednesday, August 26, 2026, the Central Bank of Nigeria (CBN) cut the one-year stop rate by 44 basis points to 17.15%, a sharp contrast with a rate hike of 364-day bill to 17.59% in previous Treasury Bills auction despite huge demand as reported by Nairametrics. The post CBN cuts one-year T-bill rate by 44bps as N3.63 trillion bids chase N500 billion offer…",
  "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."
}