The Debt Management Office (DMO) has raised ₦1.144 trillion in Nigeria’s first Treasury Bills (NTB) auction of the year, with higher interest rates attracting strong investor participation.
The auction saw the following allocations:
91‑day NTBs: ₦108.17 billion at 15.80%
182‑day NTBs: ₦48.23 billion at 16.50%
364‑day NTBs: ₦987.78 billion at 18.47%
The results highlight robust demand for government securities, especially for longer-term bills, even as yields rise. Analysts say the higher rates reflect ongoing adjustments in Nigeria’s fixed-income market and signal strong investor appetite for safer, high-yield instruments. Visit www.jocomms.com for more news.