The Debt Management Office (DMO), by way of the Central Bank of Nigeria (CBN), has rejected roughly N1.84 trillion in investor subscriptions on the October 28, 2026 Nigerian Treasury Bills public sale, allotting simply N71.16 billion out of the N800 billion supplied because the one-year cease charge declined to fifteen.80 per cent.
The public sale outcomes confirmed that buyers submitted bids price N1.908 trillion, representing 2.38 instances the marketed supply.
However, the authorities accepted solely a small fraction of the subscriptions, signalling their desire to restrict borrowing prices somewhat than accommodate buyers demanding larger yields.
It was the second consecutive public sale wherein the DMO left a considerable portion of investor bids unallotted.
At the October 14 public sale, the workplace rejected roughly 74 per cent of subscriptions, whereas the cease charge on the 364-day instrument rose by 5 foundation factors to fifteen.90 per cent.
The newest public sale noticed the 364-day Treasury Bill entice N1.84 trillion in subscriptions in opposition to a suggestion of N600 billion. Yet, solely N38.38 billion was allotted, leaving roughly N1.80 trillion in bids unfilled.
Investors quoted charges starting from 15.00 per cent to 18.24 per cent for the one-year instrument, however the cease charge settled at 15.80 per cent, 10 foundation factors beneath the earlier public sale.
