CBN launches August T-bill auctions with N700 billion offer, extending liquidity mop-up

The Central Bank of Nigeria opens the month with a N700 billion Treasury bill auction, continuing its aggressive campaign to drain excess liquidity from the banking system after mopping up N7.2 trillion in July.

By Handelsavisen Newsroom · Automated 2026-08-03 12:09 UTC · 1 min read

The Central Bank of Nigeria (CBN) has scheduled a N700 billion ($370 million) Treasury bills auction for Tuesday, marking the first issuance of August 2026.

The move signals the central bank’s continued determination to absorb surplus funds from the banking sector, following a month of intensive liquidity management.

2 trillion, a significant volume that underscores the scale of excess liquidity in the Nigerian financial system.

In July, the CBN successfully mopped up N7.2 trillion, a significant volume that underscores the scale of excess liquidity in the Nigerian financial system.

The August auction target of N700 billion represents a continuation of this strategy, aiming to maintain tight monetary conditions and support the naira’s stability.

This aggressive stance on liquidity absorption has been a consistent theme for the CBN in recent months.

Previous auctions, including a N600 billion offering earlier in the week and a N700 billion target for the final July auction, have all been part of a broader effort to manage bank reserves and control inflationary pressures.