DMO allots N709.62bn as yield surges to 17.5%
The Debt Management Office (DMO) has concluded its Nigerian Treasury Bills (NT-Bills) auction for December 3, 2025, raising a total of N709.621 billion across the three tenors on offer, with the 364-day bill emerging as the investor favourite.
The auction, conducted on Wednesday, featured the sale of 91-day, 182-day, and 364-day Treasury Bills, with a total offer of N700 billion.
The 91-day and 182-day bills were undersubscribed, with total subscriptions of N44.17 billion and N33.38 billion, respectively, leading to allotments of N42.80 billion for the 91-day and N30.36 billion for the 182-day paper.
However, the strongest demand was concentrated on the 364-day maturity, which attracted a substantial N697.29 billion in subscriptions against an offer of N450 billion.
The DMO allotted N636.46 billion to make up for the undersubscriptions, accounting for nearly 90% of total auction proceeds.
