CBN To Auction N700bn Treasury Bills As Q3 Funding Drive Enters Final Stretch

The Central Bank of Nigeria (CBN), acting on behalf of the Debt Management Office (DMO), is set to offer N700 billion worth of Nigerian Treasury Bills (NTBs) at its first auction for September 2026.

The auction, scheduled for Thursday, September 3, will cover three maturities: 91-day, 182-day and 364-day Treasury Bills.

The latest offer is part of the Federal Government’s ongoing domestic borrowing programme and comes as the third quarter of 2026 draws to a close.

According to an Invitation to Tender obtained by Nairametrics, the CBN directed all Money Market Dealers to submit their bids through the CBN S4 Web Interface between 8:00 a.m. and 11:00 a.m. on Wednesday, September 2.

The N700 billion offering will be distributed across the three tenors, with investors expected to bid for the instruments based on prevailing market conditions and their preferred maturity periods.

Treasury Bills are short-term government debt instruments issued to raise funds for the government while providing investors with relatively low-risk fixed-income investment opportunities.

The September 3 auction is expected to attract strong interest from banks, institutional investors and other money market participants, particularly amid ongoing adjustments in yields and liquidity conditions in the domestic financial market.

The auction will also provide an indication of investor appetite for government securities as the authorities continue to rely on the domestic debt market to finance government obligations.

Market participants will be watching the auction closely for the stop rates that emerge across the three maturities, as these could provide further signals on the direction of short-term interest rates and liquidity in the financial system.

The CBN conducts NTB auctions on behalf of the DMO as part of the government’s domestic debt management operations.

Successful bidders will be allotted the Treasury Bills in accordance with the outcome of the auction and applicable market rules.