Central Bank of Nigeria launches N750bn Treasury bills auction and repays N2.97tr OMO bills

The Central Bank of Nigeria (CBN) scheduled a primary‑market auction to raise N750 billion through Treasury bills, offering 91‑day and 182‑day papers at N100 billion each and a 1‑year issue of N550 billion. Subscriptions totalled about N2.03 trillion, with an allotment of N1.06 trillion and stop rates of 16.30%, 16.50% and 17.70% for the 91‑, 182‑ and 364‑day tenors respectively. Demand was skewed toward the longer‑dated paper, which attracted N1.86 trillion of bids.

In a separate operation, the CBN repaid N2.97 trillion of Open Market Operations (OMO) bills following a N600 billion auction that offered N200 billion each of 8‑day, 99‑day and 127‑day bills. Total subscriptions reached roughly N2.55 trillion, with full allotment across all tenors and stop rates ranging from 21.89% on the 8‑day bill to 20.17% on the 127‑day bill. The combined repayment and fresh issuance resulted in a net liquidity injection of about N447 billion into Nigeria’s banking system.