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