The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion across the 91-day, 182-day and 364-day Treasury Bills tenors at its first Nigerian Treasury Bills (NTB) auction for September 2026.
The Notice of an Invitation to Tender for Nigerian Treasury Bills by the apex bank advised All Money Market Dealers (MMDs) to submit bids through the CBN S4 Web Interface between 8:00 a.m. and 11:00 a.m. on Wednesday, September 2, 2026.
The September 3 offer is one of the three final auctions of Q3 programmes and broken down as N100 billion for the 91-day bill, N100 billion for the 182-day bill, and N500 billion for the 364-day bill.
According to the notice, each bid must be in multiples of N1,000, subject to a minimum of N50,001,000, with dealers permitted to submit multiple bids on their own account or on behalf of non-MMDs and members of the public.
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The notice also stated that the apex bank reserved the right to reject any bid or vary the amount on offer in line with prevailing market conditions.
The auction result is expected to be announced on Wednesday, September 2, 2026, while allotment letters will be issued on September 3, 2026 and payment to the CBN for successful bids would be due not later than 11:00 a.m. on the same day.
Under the Q3 NTB programme plan, the DMO and the CBN planned to issue N5.8 trillion in Treasury Bills between July and September 2026, comprising N900 billion in 91-day, N900 billion in 182-day and N4 trillion in 364-day bills; just as TBs worth N2.644 trillion are expected to mature during the quarter.
Based on the plan, after repayment of maturities, the programme anticipates an estimated net new borrowing of N3.16 trillion.
Under the original programme plans, the CBN had scheduled major N700 billion auctions for July 8, July 29, August 5, August 12, August 26 and September 2. However, the August 5 auction was cancelled by the apex bank after back-to-back Open Market Operations (OMO) debt instrument had remarkably mopped the liquidity in the economy.
