The Central Bank of Nigeria (CBN) has initiated a plan to secure N5.8 trillion through Treasury Bills during the third quarter of 2026. This move serves as part of the federal government’s broader fiscal strategy for the 2026 budget.
This figure reflects a substantial 241 percent jump compared to the N1.76 trillion recorded during the same period in 2025. These details were outlined in the bank’s official issuance program for the third quarter of 2026.
Treasury Bills act as short-term financial tools, allowing the apex bank to acquire funds from the public for government operations while simultaneously managing the national money supply. The current issuance window opened on July 1st and is scheduled to conclude on September 23rd, 2026, with settlement concluding by September 24th.
The debt allocation includes N900 billion for 91-day tenors, N900 billion for 182-day tenors, and N4 trillion for 364-day tenors. The monthly breakdown shows N2 trillion planned for July, N2.1 trillion for August, and N1.7 trillion for September, maintaining consistent 91-day and 182-day allocations while varying the 364-day bill issuance amounts.
