Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Nigeria's Treasury Bill Auction Oversubscribed Amid Stable Yields
The Business NG
|The BusinessNG
The Federal Government of Nigeria (FGN) held a Treasury Bill auction where it offered N500 billion worth of debt instruments to investors, receiving a total subscription of N1.17 trillion.
-
The bulk of the demand was concentrated on the short-term 91-day and long-term 364-day papers, reflecting diverse investor appetite across different maturities. Despite the strong subscription, the Debt Management Office (DMO) exercised prudence by absorbing only N615.80 billion, which is 23% above the initial offer amount,
This story is from the The BusinessNG edition of The Business NG.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business NG
The Business NG
Nigeria Owes World Bank $18.5bn, Ranks as Third-Largest Debtor Globally
Only Bangladesh, Pakistan Borrow More ● Mounting Loans Trigger New Debt Trap Concerns
1 min
BusinessNg
The Business NG
eNaira Trademark War Deepens as Court Rules Against Private Firm
Fresh controversy has erupted over the ownership of the “eNaira” trademark after the Federal High Court in Abuja barred eNaira Payment Solutions Ltd from presenting itself as the registered proprietor of the name associated with Nigeria's digital currency.
1 min
BusinessNg
The Business NG
"We Are Dying Gradually" — Lagos Residents Raise Alarm Over Toxic Dumpsites, Polluted Air
Residents of several Lagos communities have raised fresh concerns over worsening environmental pollution caused by refuse dumpsites, toxic air, and poor waste management, warning that the situation is fast becoming a public health emergency.
1 min
BusinessNg
The Business NG
Seven Governors, 12 Ex-Governors, 51 Senators Secure APC 2027 Tickets
The All Progressives Congress (APC) has concluded its senatorial primary elections across several states, producing a strong list of political heavyweights as candidates ahead of the 2027 general elections.
1 min
BusinessNg
The Business NG
Nigeria Split Over 26.5% Interest Rate as CBN Tight Policy Fuels Growth Concerns
Nigeria's decision to maintain its benchmark interest rate at 26.5% has reopened a familiar economic debate: how to balance inflation control with the urgent need to stimulate growth in an economy where access to credit remains a major constraint for businesses.
1 min
BusinessNg
The Business NG
Solar Imports to Africa Soar as China Exports Jump 83%
China's exports of solar panels and solar cells to Africa surged sharply in April 2026, rising 83% year-on-year as global demand for renewable energy continued its rapid expansion.
1 min
BusinessNg
The Business NG
'80% of Nigerians in Debt' as Rising Living Costs Deepen Economic Pressure
Rising living costs and persistent economic pressure are pushing more Nigerians into debt, with analysts warning that borrowing is becoming a survival strategy for many households across the country.
1 min
BusinessNg
The Business NG
ECOWAS Projects Nigeria to Become 5th Richest Economy Globally Within 50 Years
The Economic Community of West African States (ECOWAS) has projected that Nigeria could become the world’s fifth richest country within the next 50 years, based on long-term global economic forecasts drawn from United Nations data and research by leading international universities.
1 min
BusinessNg
The Business NG
PDP Grants Jonathan Waiver, Clears Ex-President for Presidential Primary
The Peoples Democratic Party (PDP) has reportedly granted a waiver to former President, clearing him to participate in the party's presidential primary ahead of the 2027 general elections.
1 min
BusinessNg
The Business NG
CBN Projects 4.49% Growth as Inequality Concerns Persist
The Central Bank of Nigeria (CBN) has projected that the nation’s economy will grow by 4.49 per cent in 2026, signaling continued expansion in key sectors despite concerns over rising inequality and uneven distribution of economic gains.
1 min
BusinessNg
Listen
Translate
Change font size