WATCH THE VIDEO HERE Nigeria’s latest treasury bills auction, conducted on February 19, 2025, saw total subscriptions hit N2.41tn, reflecting sustained investor interest across the three tenors on offer. However, this marked a decline from the N3.22tn recorded in the previous auction held on February 5, 2025. The Central Bank of Nigeria increased allotments, particularly for the 364-day tenor, while stop rates edged lower, signalling a shift in investor sentiment and yield expectations. The auction results showed a marked increase in demand for shorter-term treasury bills, with the 91-day and 182-day instruments witnessing significant jumps in subscriptions compared to the preceding auction. The 91-day bills, which had an offer size of N80bn, attracted N62.14bn in subscriptions, an increase from N42.37bn recorded in the February 5 auction. The CBN allotted N34.77bn, while the top rate dropped to 17 per cent, lower than the 18 per cent in the previous auction. Similarly, the 182-day bills, with an offer size of N120bn, saw subscriptions rise to N49.88bn, up from N19.52bn.
Investors stake N2.41tr in treasury bills auction
