Nigeria Treasury bills · auction of 17 June 2010
Nigeria T-bill auction, 17 June 2010: 91-day at 2.50%, up 40 bps
At the Treasury bill auction dated 17 June 2010, the Central Bank of Nigeria set stop rates on the 91-day bill at 2.50% (up 40 basis points) and the 182-day bill at 3.51% (up 29 basis points). The rate shown is the stop (issue) rate at the primary auction.
The auction was fully subscribed: bids totalled NGN 87.5bn against NGN 58.7bn on offer, 149% of the amount sought, and NGN 58.7bn was accepted.
Over the past year the 91-day rate has ranged from 1.04% to 5.25%.
A year earlier the 91-day bill cleared at 3.00%, so the government is paying 50 basis points less than twelve months ago.
What this means for NGN 1,000,000
Worked from the published rate · information, not advice
NGN 17,550 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 1,017,550 after 6 months: NGN 17,550 in interest before any withholding tax, about NGN 2,925 a month.
That is NGN 1,443 more than the same money would have earned at the previous auction.
For shorter money: NGN 6,250 on the 91-day bill (3 months).
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 | 2.500% | 2.100% | NGN 18.70bn | NGN 24.23bn | NGN 18.70bn |
| 182-day | 3.510% | 3.221% | NGN 40.00bn | NGN 63.25bn | NGN 40.00bn |
Source: Central Bank of Nigeria result · stop (issue) rate at the primary auction
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Afronomics (2026). Nigeria Treasury bill auction, 17 June 2010, compiled from the Central Bank of Nigeria. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/nigeria/2010-06-17
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