CBN targets N700 billion in final July T-bill auction as DMO scales back bond issuance

Nigeria's central bank pushes ahead with aggressive liquidity absorption, while the Debt Management Office trims its Q3 bond supply range to N3.4-4.6 trillion.

By Handelsavisen Newsroom · Automated 2026-07-26 12:06 UTC · 1 min read

The Central Bank of Nigeria (CBN) has set a N700 billion ($370 million) target for its third and final Treasury bills auction of July 2026, maintaining its aggressive stance on absorbing excess liquidity from the banking system.

The auction follows a N600 billion sale earlier in the week, underscoring the central bank's continued effort to tighten monetary conditions.

4 trillion and N4.6 trillion, a notable contraction from previous estimates.

Simultaneously, the Debt Management Office (DMO) has reduced its planned Federal Government of Nigeria (FGN) bond issuance for the third quarter of 2026.

The new guidance places the issuance range between N3.4 trillion and N4.6 trillion, a notable contraction from previous estimates.

This adjustment signals a calibrated approach to debt servicing amid ongoing market volatility.

The dual move reflects a coordinated strategy to manage domestic liquidity and debt sustainability.