Nigeria Treasury bills · auction of 17 June 2015
Nigeria T-bill auction, 17 June 2015: 364-day at 12.80%, down 20 bps
At the Treasury bill auction dated 17 June 2015, the Central Bank of Nigeria set stop rates on the 91-day bill at 10.00% (up 20 basis points), the 182-day bill at 12.70% (unchanged) and the 364-day bill at 12.80% (down 20 basis points). The rate shown is the stop (issue) rate at the primary auction.
Demand was strong: bids totalled NGN 275.3bn against NGN 143.6bn on offer, 192% of the amount sought, and NGN 143.6bn was accepted.
Over the past year the 364-day rate has ranged from 10.14% to 15.99%.
A year earlier the 364-day bill cleared at 10.49%, so the government is paying 231 basis points more than twelve months ago.
What this means for NGN 1,000,000
Worked from the published rate · information, not advice
NGN 128,000 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 1,128,000 after 12 months: NGN 128,000 in interest before any withholding tax, about NGN 10,667 a month.
That is NGN 1,999 less than the same money would have earned at the previous auction.
For shorter money: NGN 63,500 on the 182-day bill (6 months), NGN 25,000 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 | 10.000% | 9.799% | NGN 26.30bn | NGN 26.46bn | NGN 26.30bn |
| 182-day | 12.700% | 12.700% | NGN 25.00bn | NGN 32.72bn | NGN 25.00bn |
| 364-day | 12.800% | 13.000% | NGN 92.34bn | NGN 216.13bn | NGN 92.34bn |
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 2015, compiled from the Central Bank of Nigeria. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/nigeria/2015-06-17
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