The Central Bank of Nigeria (CBN), acting on behalf of the Debt Management Office (DMO), is set to raise N700 billion through the third and final Nigerian Treasury Bills (NTBs) auction for July 2026, as part of its ongoing liquidity management strategy.
According to the apex bank’s invitation to tender, the auction will be conducted through the Dutch auction system on Wednesday, July 29, with Treasury Bills offered across the 91-day, 182-day and 364-day maturities.
The offer consists of N100 billion in 91-day bills, N100 billion in 182-day bills and N500 billion in 364-day bills, reflecting the CBN’s continued emphasis on longer-tenor securities amid sustained investor appetite for higher-yielding instruments.
The latest issuance forms part of the CBN’s third-quarter borrowing calendar, which has prioritised one-year Treasury Bills to support domestic funding needs and manage liquidity within the financial system.
Recent auctions have recorded robust investor demand, particularly for the 364-day instrument, as institutional investors continue to seek attractive returns in Nigeria’s high-interest-rate environment.
Successful bids from the July 29 auction will determine the final Treasury Bills allocation for the month, with the outcome expected to provide further insight into investor sentiment and prevailing yield trends in the fixed-income market.
