Nigeria Treasury bills · auction of 30 December 2010
Nigeria T-bill auction, 30 December 2010: 91-day at 7.50%, unchanged
At the Treasury bill auction dated 30 December 2010, the Central Bank of Nigeria set stop rates on the 91-day bill at 7.50% (unchanged) and the 182-day bill at 9.51% (down 4 basis points). The rate shown is the stop (issue) rate at the primary auction.
Demand was strong: bids totalled NGN 123.7bn against NGN 81.9bn on offer, 151% of the amount sought, and NGN 81.9bn was accepted.
Over the past year the 91-day rate has ranged from 1.04% to 7.75%.
A year earlier the 91-day bill cleared at 4.00%, so the government is paying 350 basis points more than twelve months ago.
What this means for NGN 1,000,000
Worked from the published rate · information, not advice
NGN 47,525 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 1,047,525 after 6 months: NGN 47,525 in interest before any withholding tax, about NGN 7,921 a month.
That is NGN 210 less than the same money would have earned at the previous auction.
For shorter money: NGN 18,745 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 | 7.498% | 7.500% | NGN 31.57bn | NGN 44.60bn | NGN 31.57bn |
| 182-day | 9.505% | 9.547% | NGN 50.36bn | NGN 79.06bn | NGN 50.36bn |
Source: Central Bank of Nigeria result · stop (issue) rate at the primary auction
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Afronomics (2026). Nigeria Treasury bill auction, 30 December 2010, compiled from the Central Bank of Nigeria. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/nigeria/2010-12-30
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