CBN to auction N500 billion in Treasury Bills September 10, lowest offer size of Q3 2026

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has issued an Invitation to Tender for Nigerian Treasury Bills (NTB) of 91-day, 182-day and 364-day tenors, totalling N500 billion, to be auctioned by Dutch auction on Wednesday, September 9, 2026.

The offer notice obtained by Nairametrics on Tuesday, September 8, 2026, directed all Money Market Dealers to submit bids through the CBN S4 WEB INTERFACE between 8.00 a.m. and 11.00 a.m. on Wednesday, September 9, 2026.

Allotment letters would be issued for successful bids on Thursday, September 10, 2026, while payment for the successful bids should be made to your account with Central Bank of Nigeria not later than 11.00 a.m. on Thursday September 10, 2026.

What the data is saying:

The offer is broken down as N100 billion for the 91-day bill, N100 billion for the 182-day bill, and N300 billion for the 364-day bill, marking a notable step down from the N700 billion offers that have defined most of the CBN’s larger auction sessions through Q3 2026.

• 91-day bill: N100 billion on offer
• 182-day bill: N100 billion on offer
• 364-day bill: N300 billion on offer
• Total offer: N500 billion
• All Money Market Dealers are required to submit bids through the CBN S4 Web Interface between 8:00 a.m. and 11:00 a.m. on Wednesday, September 9, 2026.
• Each bid must be in multiples of N1,000, subject to a minimum of N50,001,000.
• Dealers are permitted to submit multiple bids on their own account or on behalf of non-Money Market Dealers and members of the public.
• The auction result is expected to be announced on Wednesday, September 9, 2026, while allotment letters will be issued on Thursday, September 10, 2026.

Payment for successful bids is due to the CBN not later than 11:00 a.m. on the same day. The apex bank reserves the right to reject any bid or vary…