…liabilities were N65.77tn, compared with N9.42tn owed externally by states and the FCT. Treasury bills A closer examination of the Federal Government’s domestic liabilities shows that the growth was increasingly driven by Treasury bills and conventional naira bonds. FGN domestic debt rose from N76.59tn in June 2025 to…

The Central Bank of Nigeria raised N8.14tn through Treasury bills issuances in the third quarter of 2026, surpassing the Debt Management Office’s N5.8tn target by N2.34tn, as investor demand exceeded the government’s borrowing plans. A review of eight Nigerian Treasury Bills auctions conducted between July and Septembe…

…N4.72 trillion in two days to raise the currency's value. >With another N700 billion Treasury Bills auction scheduled and about N2.25 trillion in OMO maturities expected, liquidity management is likely to remain a major feature of Nigeria's fixed-income market as September approaches.For investors, the message is clear…

…as elevated yields continue to attract strong investor interest. The August 12 Nigerian Treasury Bills (NTB) auction drew total subscriptions of N4.41 trillion against the N700 billion offered by the Debt Management Office, underscoring robust appetite for short-term government securities. The 364-day instrument was pa…

…system came under pressure last week after the settlement of N1.20 trillion in Nigerian Treasury Bills (NTBs) and N2.19 trillion in Open Market Operations (OMO) auctions drained significant liquidity from the banking system. System liquidity fell 20.68 per cent to N2.99 trillion from N3.78 trillion the previous week. D…

…not actually repaid debt but had repackaged it, converting Ways and Means advances into Treasury Bills and bonds while taking on fresh obligations. "That is debt restructuring, not debt repayment," he said.**Minimum Wage, NELFUND and Interest Rates**On workers' welfare, Atiku said the federal government had not fully i…

…To further illustrate the renewed interest in government assets, pension investment in treasury bills increased by 86.9 % YoY to N1.131 trillion from N604.587 billion in May 2025. However, the Sukuk Bonds, which comprises Hold Till Maturity, HTM, and Available for Sale, AFS, declined marginally YoY to N92.589 billion f…

…finance the deficit. So this financing of the deficit has led to the issuance of bonds, treasury bills, and so on, which banks also buy. The rate is also very attractive, and it’s more attractive to them than lending to the real sector,” Yusuf said. He further urged the government to moderate its borrowing. In a separa…

…Other counts include: transferring N65,860,000 to Cordros Securities Limited to purchase treasury bills in his name; and retaining N15,000,000 and N3,000,000 respectively, paid into his Stanbic IBTC account by one Olasinka Fragene Justice on behalf of Ebenco Global Link Limited, described as "a contractor to the Nigeri…

…at least 20% of their assets in liquid form to meet customer withdrawals. Investments in treasury bills must stay between 5% and 10% of assets, and equity investments in other businesses are capped at 7.5%. The CBN expects MFBs to generate most of their income from lending, with about 80% of gross income coming from in…

…for government securities remains robust, with subscriptions for the latest one-year Treasury Bills auction exceeding N1.86 trillion as investors sought to take advantage of the 17.34% yield on offer. The third factor relates to developments surrounding the Dangote Refinery private placement. Market participants say so…

…The market decline was Initially driven by profit-taking alongside rising Nigerian Treasury Bills. However, this recent crash is largely a regulatory shake-up targeted at large banking groups such as Access, GTCO, FBNH, and FCMB. The core reasons include: a revised method for calculating capital for HoldCos and stricte…