Tag
NIGERIA TREASURY BILLS
The Debt Management Office (DMO) rejected approximately 74% of N1.032 trillion total subscriptions, accepting only N269.06 billion - about 26.07% of the bids received at the October 14 auctions of Nigerian Treasury Bills (NTBs).
The Central Bank of Nigeria's decision to cut its Monetary Policy Rate (MPR) to 23% marks a major shift in the country’s interest-rate environment, with implications for bond prices, mutual funds, pension portfolios and investors whose returns are linked to fixed-income and equity markets.
Nigeria’s pension fund industry posted a marginal gain in August 2025, reflecting cautious optimism as fund managers rebalanced portfolios amid mixed market signals.
According to data from the Debt Management Office (DMO), the total public debt in Nigeria is an estimated N97.34 trillion ($108.23 billion) as of December 2023.
CBN has planned to sell N1.64 trillion in Nigeria Treasury Bills in the second quarter of 2024- March and May.