The Central Bank of Nigeria (CBN) will conduct a Treasury Bills Primary Market Auction on Wednesday, October 22, 2025, to roll over ₦650 billion in maturing debt. The auction, held on behalf of the Debt Management Office, includes ₦100 billion in 91-day bills, ₦100 billion in 182-day bills, and ₦450 billion in 364-day bills.
Using a Dutch auction system, investors will submit competitive bids, with interest rates set by demand. This exercise is aimed at managing liquidity through debt refinancing, not by increasing new borrowings.
