CBN raises N1.46trn from first NTB auction in June 2026
The Central Bank of Nigeria (CBN) has raised N1.46 trillion at its June 3 Treasury bills primary market auction, hiking stop rates across all tenors despite heavy demand attracting N2.160 trillion in subscriptions, more than double the offer size of N1 trillion.
The 364-day bill alone attracted subscriptions of N1.95 trillion against an N800 billion offer.
This is according to the official NTB auction results published by the CBN.
The CBN, on behalf of the Debt Management Office (DMO) offered N100 billion each on the 91-day and 182-day bills, and N800 billion on the 364-day bill, with allotment dates set for Thursday, June 4, 2026, while maturity dates fall on September 3, December 3, and June 3, 2027 respectively.
Stop rates rose across all three instruments compared with the previous auction, with the 91-day clearing at 16.05%, the 182-day at 16.19%, and the 364-day at 16.35% — increments of 10 basis points, 5 basis points, and 20.1 basis points respectively.
The auction result arrives as Nigerian banking system liquidity enters what the Financial Markets Dealers Association (FMDA) projects will be one of its most heavily loaded monthly inflow cycles of 2026, with approximately N10.90 trillion in total inflows expected in June — of which N7.77 trillion will come from maturing OMO bills alone.
Against that backdrop, the June 3 NTB auction served as the first significant liquidity management event of the new month, absorbing N1.457 trillion from a system that ended May with N5.89 trillion parked overnight with the CBN through the Standing Deposit Facility.
