The Central Bank of Nigeria (CBN) has announced plans to offer N500 billion worth of Nigerian Treasury Bills (NTBs) at its midweek auction, as part of efforts to manage market liquidity and bolster investor confidence.
According to the apex bank, the auction will include NTBs across the 91-day, 182-day, and 364-day tenors, providing short-term investment options for both retail and institutional investors.
The move comes as the naira showed signs of recovery in the official foreign exchange market. Supported by reduced foreign exchange demand from corporate entities, the local currency appreciated to N1,598.72 per dollar at the close of trading.
Analysts say the improved performance of the naira and the attractive returns on NTBs could drive strong investor participation in the auction.
The CBN continues to deploy Treasury bills as a critical instrument in its monetary policy framework, aiming to regulate liquidity, curb inflationary pressures, and stabilize the exchange rate.
With interest in fixed-income assets on the rise, this latest offer is expected to deepen the domestic debt market and sustain confidence in the financial system.
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