Close Menu
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • News
  • Business
    • Money & Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Why Many Nigerian Men Still Skip Body Lotion—and Why That Needs to Change

July 8, 2025

Naira Strengthens Further as FX Inflows Rise by 74%

July 8, 2025

ASUU Halts Lectures Nationwide Over Unpaid June Salaries

July 8, 2025
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp TikTok
Facebook X (Twitter) Instagram
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • News
  • Business
    • Money & Finance
Home»Business»Treasury Bill Yields Fall Ahead Of N700bn Auction
Business

Treasury Bill Yields Fall Ahead Of N700bn Auction

Moyosore RokosuBy Moyosore RokosuFebruary 19, 2025No Comments2 Mins Read
Share
Facebook Twitter WhatsApp Telegram LinkedIn Pinterest Email

The average yield on Nigerian Treasury bill has fallen below 22% in the secondary market as investors gear up for the upcoming N700 billion auction. Trading activity in the Treasury bills market remains subdued, with mild bullish sentiment as participants assess the latest inflation data.

Treasury bill yields decreased marginally as a result of the increasing demand for naira-based investments, especially for longer-term securities. Financial analysts claim that the recent release of rebased consumer price index (CPI) data for January 2025 played a role in this dip by demonstrating a significant drop in inflation. In December 2024, the headline inflation rate was 34.80%; in January 2025, it was 24.48%.

As a result, interest rates on government securities declined across various tenors, with long-term securities experiencing the most significant drop. The average benchmark yield decreased by 9 basis points (bps) to close at 21.93% ahead of the midweek primary market auction.

Breaking it down further:

  • Short-term bills (less than 3 months) saw a slight yield decline of 1 bp.
  • Mid-term bills (around 6 months) also experienced a 1 bp drop.
  • Long-term bills (almost a year) recorded a significant drop of 12 bps.

Analysts at Cordros Capital Limited attributed this decline to strong investor demand for specific Treasury bills, including those maturing in 79 days (-1 bp), 170 days (-1 bp), and 289 days (-90 bps). Additionally, increased buying activity was noted in the Open Market Operations (OMO) Bills segment, where a recent N10 billion OMO repayment led to a 49 bps reduction in yields, bringing them down to 25.9% in the secondary market.

On behalf of the Central Bank of Nigeria, the Debt Management Office (DMO) plans to issue Treasury Bills totalling N700 billion over three tenors: 91 days, 182 days, and 364 days. Analysts anticipate that while investors get ready to place their bids in the next auction, secondary market trade will continue to be quiet.

author avatar
Moyosore Rokosu
Moyosore Rokosu is a graduate of Mass Communication. She is a passionate writer and a social media savvy with a flair for writing.
See Full Bio
Treasury Bill
Share. Facebook Twitter WhatsApp Telegram LinkedIn Pinterest Email
Moyosore Rokosu

Moyosore Rokosu is a graduate of Mass Communication. She is a passionate writer and a social media savvy with a flair for writing.

Related Posts

Naira Strengthens Further as FX Inflows Rise by 74%

July 8, 2025

ASUU Halts Lectures Nationwide Over Unpaid June Salaries

July 8, 2025

NELFUND student loan portal alert as fund warns students against fake websites

June 30, 2025
Demo
Top Posts

Single On Valentine’s Day? No Wahala! Here’s How To Enjoy The Day Without Pressure

February 13, 202541 Views

Top 5 Veekee James Bridal Looks That Left Us Breathless

April 22, 202530 Views

Do Nollywood Movies Really Need All These Sex Scenes?

March 13, 202529 Views

I Swore I Wouldn’t Be Like My Mother—But Here I Am

March 29, 202525 Views
Don't Miss
Fashion

Why Many Nigerian Men Still Skip Body Lotion—and Why That Needs to Change

By adminJuly 8, 20250

Despite the growing popularity of skincare in Nigeria—with facial serums, sheet masks, and exfoliators making…

Naira Strengthens Further as FX Inflows Rise by 74%

July 8, 2025

ASUU Halts Lectures Nationwide Over Unpaid June Salaries

July 8, 2025

NELFUND student loan portal alert as fund warns students against fake websites

June 30, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
Facebook X (Twitter) Instagram YouTube
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
© 2025 Palmwinepress. Designed by D'Tola Digitals.

Type above and press Enter to search. Press Esc to cancel.