The Central Bank of Nigeria (CBN) has confirmed the full operational deployment of its Scripless Securities Settlement System (S4) as the exclusive gateway for primary market auctions of government securities.
The confirmation, made in response to Nairametrics enquiry, cements S4 as the sole infrastructure for bid submission, price discovery and allocation in Nigeria’s sovereign debt market.
The clarification follows the February 2026 Treasury Bills auction, where the Federal Government offered N150 billion in 91-day bills, N200 billion in 182-day bills and N800 billion in 364-day bills under a fully centralised electronic process.
