CBNto auction N1.05 trillion Treasury Bills March 5

The Central Bank of Nigeria (CBN) will auction N1.05 trillion in Treasury Bills on March 5, 2026, using the Dutch auction system. The auction includes N100 billion in 91-day bills, N150 billion in 182-day bills, and N800 billion in 364-day bills. This is the first NTB sale following the CBN's recent rate cut, signaling yield direction in the fixed income market. Investors must submit bids electronically via the CBN S4 Web Interface by March 4, 2026, between 8:00 a.m. and 11:00 a.m. Successful bidders receive allotment letters on March 5, with payment due by 11:00 a.m. The Dutch auction allows market forces to determine yields, with allocation starting from the lowest yield upward. This shift to market-driven pricing enhances transparency and aligns with the CBN's financial market reforms.

SOURCE: https://nairametrics.com/2026/03/03/cbn-auctions-n1-05-trillion-in-treasury-bills-on-thursday/