The Central Bank of Nigeria (CBN) has scheduled a N5.8 trillion ($3.7 billion) Treasury bill auction, marking the largest liquidity mop-up operation in the country for 2026.
The move signals a renewed push by policymakers to tighten monetary conditions and absorb excess liquidity from the banking system.
9 billion) domestic bond auction program for the third quarter of 2026.
This substantial issuance comes as Nigeria's broad money supply expanded to N129.21 trillion in May 2026, according to recent data.
The surge in liquidity has complicated the CBN's efforts to stabilize the naira and control inflation, prompting the central bank to rely more heavily on short-term debt instruments to manage bank reserves.
The Treasury bill auction is part of a broader debt management strategy.
Nigeria's Debt Management Office (DMO) has also outlined a N4 trillion ($1.9 billion) domestic bond auction program for the third quarter of 2026.