The Federal Government of Nigeria (FGN), through the Central Bank of Nigeria (CBN), has released the results of its Treasury Bills (T-Bills) auction conducted on March 5, 2025.
The auction, which offered N650 billion, saw strong investor demand, attracting N1.92 trillion in total subscriptions, with the bulk of bids directed at the 364-day instrument.
Despite the heightened demand, the stop rate on the one-year bill fell to 17.82%, the lowest level since September 2024, as the Debt Management Office (DMO) continues to push back against rising borrowing costs.