The Central Bank of Nigeria has unveiled plans to secure N5.8 trillion through the sale of Treasury Bills during the third quarter of 2026. This initiative supports the government’s borrowing strategy for the upcoming budget year. The target marks a significant 241 percent rise compared to the N1.76 trillion raised during the same period in 2025.
Treasury Bills function as short-term debt securities that allow the apex bank to solicit public funds for federal use. Additionally, the bank utilizes these instruments to manage the nation’s money supply. The scheduled issuance window runs from July 1 to September 23, 2026, with settlements occurring between July 2 and September 24.
The issuance distribution includes N900 billion for 91-day tenors, another N900 billion for 182-day tenors, and N4 trillion for 364-day tenors. Monthly targets are set at N2 trillion for July, N2.1 trillion for August, and N1.7 trillion for September, reflecting a consistent focus on the 364-day maturity period across the quarter.
