Nigeria Treasury bills · auction of 19 July 2006
Nigeria T-bill auction, 19 July 2006: 182-day at 10.00%, down 90 bps
At the Treasury bill auction dated 19 July 2006, the Central Bank of Nigeria set stop rates on the 182-day bill at 10.00% (down 90 basis points). The rate shown is the stop (issue) rate at the primary auction.
Bids totalled NGN 24.9bn and NGN 10.0bn was accepted, 40% of what was bid.
Over the past year the 182-day rate has ranged from 4.50% to 14.24%.
A year earlier the 182-day bill cleared at 6.25%, so the government is paying 375 basis points more than twelve months ago.
What this means for NGN 1,000,000
Worked from the published rate · information, not advice
NGN 50,000 in 6 months on the 182-day bill
Put NGN 1,000,000 into the 182-day bill at this auction and you get back NGN 1,050,000 after 6 months: NGN 50,000 in interest before any withholding tax, about NGN 8,333 a month.
That is NGN 4,500 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 |
|---|---|---|---|---|---|
| 182-day | 10.000% | 10.900% | — | NGN 24.91bn | NGN 10.00bn |
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, 19 July 2006, compiled from the Central Bank of Nigeria. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/nigeria/2006-07-19
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.