CBN/DMO to offer N700bn in T‑bills on Sept 2, with N500bn concentrated in 364‑day paper

On 2 September 2026 the CBN, on behalf of the DMO, offered N700 billion of Treasury bills across 91-, 182- and 364-day tenors, with the 364-day instrument accounting for N500 billion (about 70% of the offer), concentrating Q3 short‑end supply in one‑year paper.

The auction concentrates fresh net borrowing at the short end: a large 364-day allocation absorbs liquidity and sets a key benchmark for money‑market yields and term funding costs in naira. If demand stays strong, stop‑rates could hold or fall, easing immediate short‑end funding pressure; weak demand could push short-term yields higher and strain interbank liquidity.

Auction results expected 2 September; allotment letters and payment due on 3 September 2026.