By Erewunmi Peace

The Central Bank of Nigeria (CBN) has announced plans to raise approximately ₦700 billion through a Treasury Bills auction as part of its domestic debt operations.

The auction is scheduled to take place under the bank’s May 2026 issuance programme and will involve short-term government securities, including 91-day, 182-day, and 364-day Treasury bills.

According to financial market details, the initiative is aimed at managing liquidity within the financial system while also meeting short-term government funding requirements.

The 364-day instrument is expected to attract the largest portion of investor interest due to its higher yield compared to shorter tenors.

Market analysts note that Treasury Bill auctions are a regular monetary policy tool used by the CBN to regulate money supply and maintain stability in the financial sector.

Investors such as commercial banks, pension fund administrators, and other financial institutions are expected to participate in the auction.

The development reflects ongoing efforts by the apex bank to balance liquidity management with domestic borrowing needs.

Further updates are expected following the conclusion of the auction.