The Central Bank of Nigeria (CBN) plans to auction N1.05 trillion in Treasury Bills on March 5, 2026, offering 91-, 182- and 364-day instruments amid tight liquidity conditions.
The details were contained in an official tender notice issued by the apex bank on behalf of the Debt Management Office (DMO).
The issuance marks the first Nigerian Treasury Bills (NTB) auction following the CBN’s recent rate cut, setting the tone for yield direction in the fixed income market.
According to the notice, the Federal Government will offer N100 billion in 91-day bills, N150 billion in 182-day bills, and N800 billion in 364-day bills, using the Dutch auction system.
Investors seeking to participate are required to submit bids electronically through the CBN’s Scripless Securities Settlement System (S4).
The CBN disclosed that all authorised Money Market Dealers must submit their bids electronically via the CBN S4 Web Interface between 8:00 a.m. and 11:00 a.m. on Wednesday, March 4, 2026. The auction results will be announced on the same day.
