Nigeria Treasury bills · auction of 14 December 2006
Nigeria T-bill auction, 14 December 2006: 91-day at 7.40%, up 190 bps
At the Treasury bill auction dated 14 December 2006, the Central Bank of Nigeria set stop rates on the 91-day bill at 7.40% (up 190 basis points). The rate shown is the stop (issue) rate at the primary auction.
The auction was fully subscribed: bids totalled NGN 11.8bn against NGN 10.0bn on offer, 118% of the amount sought, and NGN 10.0bn was accepted.
Over the past year the 91-day rate has ranged from 3.50% to 12.50%.
A year earlier the 91-day bill cleared at 12.00%, so the government is paying 460 basis points less than twelve months ago.
What this means for NGN 1,000,000
Worked from the published rate · information, not advice
NGN 18,500 in 3 months on the 91-day bill
Put NGN 1,000,000 into the 91-day bill at this auction and you get back NGN 1,018,500 after 3 months: NGN 18,500 in interest before any withholding tax, about NGN 6,167 a month.
That is NGN 4,750 more 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 |
|---|---|---|---|---|---|
| 91-day | 7.400% | 5.500% | NGN 10.00bn | NGN 11.76bn | 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, 14 December 2006, compiled from the Central Bank of Nigeria. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/nigeria/2006-12-14
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.