The Central Bank of Nigeria (CBN) has announced 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) and obtained by Nairametrics.
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. The auction is scheduled to hold on Thursday, March 5, 2026, 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 authorized 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.
The Federal Government will offer N100 billion in 91-day bills, N150 billion in 182-day bills, and N800 billion in 364-day bills.
Each bid must be submitted in multiples of N1,000, subject to a minimum subscription of N50,001,000.
Dealers may submit multiple bids on their own behalf, for non-money market dealers, or for interested members of the investing public.
Successful bidders will receive allotment letters on Thursday, March 5, 2026, with payment due no later than 11:00 a.m. through accounts held with the apex bank.
The CBN added that it reserves the right to reject any bid and may vary the total amount on offer depending on prevailing market conditions.
