The Central Bank of Nigeria (CBN) is offering N650 billion for auction at the Nigerian Treasury Bills (NTBs) auction scheduled for Wednesday.
This marks the second issuance for the month in line with the Federal Government’s second-quarter borrowing calendar.
The planned auction was disclosed in an official tender notice issued by the apex bank on behalf of the Debt Management Office (DMO), setting May 20 deadline for submission of bids.
According to the CBN’s tender notice, the sum of N650 billion will be offered across three maturities through the Dutch auction system.
The CBN said it will offer: N100 billion in 91-day Treasury Bills; N50 billion in 182-day Treasury Bills; and N500 billion in 364-day Treasury Bills.
Authorised Money Market Dealers are expected to submit bids electronically through the CBN S4 WEB Interface between 8:00 a.m. and 11:00 a.m. on Wednesday, May 20, 2026.
The minimum subscription has been pegged at N50.001 million, while bids must be submitted in multiples of N1,000 thereafter. Dealers are permitted to submit multiple bids on behalf of themselves, institutional investors, and interested members of the public.
The result of the auction is expected to be announced on May 20, while allotment letters for successful bidders will be issued on Thursday, May 21, 2026.
Successful subscribers are also expected to make payments to their accounts with the CBN not later than 11:00 a.m. on the settlement date.
However, the CBN noted that it reserves the right to vary the amount on offer depending on prevailing market conditions at the time of the auction.
