Central Bank Of Nigeria 364-Day Treasury Bill Auction Draws Seven Times Offer Amount As Stop Rate Falls To 17.35 Percent
Central Bank Of Nigeria 364-Day Treasury Bill Auction Draws Seven Times Offer Amount As Stop Rate Falls To 17.35 Percent. The Black Executive Journal — Daily Edition
Nigeria's 364-day T-bill sees N3.38tn bid on a N500bn offer. The Central Bank of Nigeria's primary market auction on July 29, 2026 drew nearly seven times the amount offered on the one-year tenor, with the CBN allotting N1.02 trillion — more than twice the advertised size.
Stop rate falls 31 basis points to 17.35 percent. The 364-day yield eased from 17.66 percent at the prior auction, signaling both abundant naira liquidity and investor willingness to lock in longer tenor at lower yields.
Federal Reserve implementation note takes effect today. The Board of Governors' implementation note set the interest rate on reserve balances (IORB) at 3.65 percent, primary credit at 3.75 percent, and the overnight reverse repo (ON RRP) offering rate at 3.5 percent, effective July 30, with a $160 billion per-counterparty daily cap.
UK £1bn Scale-up Fund enters institutional consultation. The consortium of Railpen, Nest, LPPI, LGPS Central, and Border to Coast is advancing structuring work with British Business Bank co-investment support and Office for Investment coordination.
IDB Invest–ANSA McAL Caribbean partnership advances. The $500 million approved financing includes an initial $200 million commitment: $100 million IDB Invest term loan, $50 million revolver, plus $50 million from the JICA TADAC trust fund — targeting Caribbean manufacturing, logistics, recycling, and distribution.
Curve signal for operators. The Nigerian short end is repricing lower while U.S. short-end administered rates hold — narrowing the yield-differential trade but keeping naira funding costs meaningfully above the dollar policy corridor.
Central Bank Of Nigeria 364-Day Treasury Bill Auction Draws Seven Times Offer Amount As Stop Rate Falls To 17.35 Percent
Naira Liquidity Repricing At The Long End Of The Nigerian T-Bill Curve
The Central Bank of Nigeria's primary market auction on Wednesday, July 29, 2026 produced one of the most lopsided demand-versus-supply outcomes the local money market has seen this year.
Investors subscribed N3.38 trillion to the 364-day Treasury bill against just N500 billion on offer — a subscription-to-offer multiple of 6.76x — and the CBN responded by allotting N1.02 trillion, more than double the advertised size.
