CBN ends month with N195.2bn Treasury Bills auction

The Central Bank of Nigeria (CBN) on Wednesday ended the month of July with a total of N195.2 billion Treasury Bills auction to be allotted on Thursday in the financial market.

A breakdown of the auction shows that N28.02 billion was offered for 91 days tenor at the stop of 9.75 percent. Investors seeking for short term investment bided at a range bid rate of 9.35 and 10.75 percent. The offer was oversubscribed by N47.9 billion.

The CBN offered N58.68 billion to investors for 182 days tenor and the offer recorded N72.23 billion over subscription but a total of N33.68 billion, which is less than the initial offer, will be allotted on Thursday at a stop rate of 10.6 percent. The instrument recorded a range of bid rates of between 10.00 and 12.36 percent.

For the 364 day tenor, the CBN offered a total of N136.52 billion at a stop rate of 11.18 percent after investors bided at a range of between 10.5 and 13.2 percent. The offer was oversubscribed by N253.9 billion but less than the initial offer will be allotted on Thursday, which is N161.52 billion.

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Ayodeji Ebo, managing director, Afrinvest Securities Limited explained that investors absorbed more than what the CBN offered.

HOPE MOSES-ASHIKE

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.