{
  "id": 6277312,
  "title": "CBN to auction N500 billion in Treasury Bills September 10, lowest offer size of Q3 2026",
  "url": "https://urgent.news/2026/09/08/cbn-to-auction-n500-billion-in-treasury-bills-september-10-lowest",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T12:28:10.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/08/cbn-to-auction-n500-billion-in-treasury-bills-september-10-lowest-offer-size-of-q3-2026/"
  },
  "original_language": "en",
  "account": "On September 9, 2026, the Central Bank of Nigeria (CBN), acting for the Debt Management Office (DMO), will conduct an auction of Nigerian Treasury Bills (NTB) with a combined value of N500 billion. The auction will be held through a Dutch auction format, with Money Market Dealers submitting bids via the CBN S4 WEB INTERFACE between 8:00 a.m. and 11:00 a.m. The offer will be divided into three components: N100 billion for a 91-day bill, N100 billion for an 182-day bill, and N300 billion for a 364-day bill.\n\nAllotment letters for successful bids will be issued on Thursday, September 10, 2026, and payment must be made to the Central Bank of Nigeria by 11:00 a.m. on the same day. The CBN retains the discretion to reject bids or modify the offer amount based on market conditions.\n\nThe Q3 2026 NTB program aims to issue N5.8 trillion in Treasury Bills between July and September. Notably, this week's N500 billion offer is the smallest single auction size recorded throughout the Q3 2026 NTB issuance program. With rates already decreasing for two consecutive auctions, and market expectations of the CBN initiating rate cuts at its upcoming Monetary Policy Committee meeting, the outcome of Thursday's auction will be closely monitored for cues on the apex bank's near-term policy stance. Additionally, the relatively smaller offer size and the substantial open market operations (OMO) liquidity injection scheduled for the week will further shape market expectations.",
  "summary": "The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has issued an Invitation to Tender for Nigerian Treasury Bills (NTB) of 91-day, 182-day and 364-day tenors, totalling N500 billion, to be auctioned by Dutch auction on Wednesday, September 9, 2026. The post CBN to auction N500 billion in Treasury Bills September 10, lowest offer size of Q3 2026 appeared first on…",
  "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."
}