Echotitbits – Nigeria News

Category: Banking|Economy

  • DMO raises about ₦1.1tn at first 2026 T-bills auction as stop rates rise

    DMO raises about ₦1.1tn at first 2026 T-bills auction as stop rates rise

    According to The Guardian Nigeria, the Debt Management Office secured about ₦1.144 trillion at its first Nigerian Treasury Bills auction of 2026, with stop rates climbing across all maturities.

    The report notes the 364-day paper dominated the auction and the stop rate for the one-year tenor rose sharply, reflecting investor demand for higher yields in a high-rate, high-inflation environment.

    For households and corporates, higher T-bill yields can improve returns on risk-free assets, but they can also raise government debt-service costs and crowd out private-sector borrowing.

    Market watchers will be tracking whether rates stabilise or rise further, and how monetary policy signals influence the next auction rounds.

    Echotitbits take: Elevated T-bill yields are a double-edged sword—great for savers, tough for fiscal space. Watch the CBN’s liquidity stance and whether banks reprice loans upward in response.

    Source: The Guardian Nigeria – https://guardian.ng/news/fg-raises-n1-1tr-from-first-2026-treasury-bills-auction/ 9 January 2026

    The Guardian Nigeria 2026-01-09

    Photo Credit: The Guardian Nigeria

  • Pension safety valve: job-loss withdrawals hit ₦8.43bn in three months, PenCom says

    Pension safety valve: job-loss withdrawals hit ₦8.43bn in three months, PenCom says

    Photo Credit: The Punch
    2025-12-22 08:00:00

    In PenCom’s Q3 2025 report, the Commission says 8,172 RSA holders were approved to access 25% of their balances due to temporary job loss, with total approved disbursements of ₦8.43bn.

    PenCom notes the provision is meant for contributors who have been unable to secure another job for at least four months after exiting employment, offering short-term relief rather than replacing income.

    The data also shows approvals were dominated by the private sector, reflecting higher turnover and displacement pressures across formal jobs.

    Punch cited the Q3 report’s totals, while PenCom’s own report states: “The total amount approved for disbursement during the quarter stood at ₦8.43 billion,” underscoring how labour-market stress is increasingly visible inside pension statistics.

    Echotitbits take: This is a quiet labour-market indicator. Rising RSA job-loss withdrawals point to strain in formal employment and weaker household buffers. Watch whether inflation and restructuring keep driving exits and whether pension continuity worsens as workers drift into informal self-employment.

    Source: The Punch — December 22, 2025 (https://punchng.com/job-losses-trigger-n8-43bn-pension-withdrawals-in-three-months/)

    The Punch 2025-12-22