Nigeria Treasury bills · auction of 5 August 2005
Nigeria T-bill auction, 5 August 2005: 364-day at 8.46%, down 204 bps
At the Treasury bill auction dated 5 August 2005, the Central Bank of Nigeria set stop rates on the 364-day bill at 8.46% (down 204 basis points). The rate shown is the stop (issue) rate at the primary auction.
Demand was strong: bids totalled NGN 64.5bn against NGN 25.0bn on offer, 258% of the amount sought, and NGN 25.0bn was accepted.
What this means for NGN 1,000,000
Worked from the published rate · information, not advice
NGN 84,600 in 12 months on the 364-day bill
Put NGN 1,000,000 into the 364-day bill at this auction and you get back NGN 1,084,600 after 12 months: NGN 84,600 in interest before any withholding tax, about NGN 7,050 a month.
That is NGN 20,400 less than the same money would have earned at the previous auction.
The government pays the full amount at maturity; the risk is Nigeria’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 364-day | 8.460% | 10.500% | NGN 25.00bn | NGN 64.47bn | NGN 25.00bn |
Source: Central Bank of Nigeria result · stop (issue) rate at the primary auction
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Central Bank of Nigeria” and a link to this page.
Afronomics (2026). Nigeria Treasury bill auction, 5 August 2005, compiled from the Central Bank of Nigeria. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/nigeria/2005-08-05
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.