Nigeria’s Treasury bills market recorded N4.28 trillion in subscriptions at the Wednesday, February 18, 2026, auction, more than triple the N1.15 trillion offered.
The auction results released by the Central Bank of Nigeria (CBN) show that demand was overwhelmingly concentrated on the 364-day instrument, reflecting investor preference for locking in longer-term sovereign yields amid expectations of rate moderation.
Despite the heavy demand, total allotments came in at N1.91 trillion, highlighting selective acceptance by monetary authorities as part of ongoing yield management.
