Amid N36.2tn Subscription, CBN Raises N14.5tn via TBs as 364-day Bills Dominate

The Central Bank of Nigeria raised an estimated N14.5 trillion through Nigerian Treasury Bills amid N36.2 trillion in subscriptions. Investor demand was strongest for 364-day bills, reflecting preference for longer-term yield certainty. The development is relevant to Nigerian equities through its implications for liquidity and fixed-income allocation.