Nigeria Treasury bills · auction of 19 August 2015
Nigeria T-bill auction, 19 August 2015: 91-day at 10.00%, unchanged
At the Treasury bill auction dated 19 August 2015, the Central Bank of Nigeria set stop rates on the 91-day bill at 10.00% (unchanged) and the 182-day bill at 13.00% (up 10 basis points). The rate shown is the stop (issue) rate at the primary auction.
The auction was fully subscribed: bids totalled NGN 74.7bn against NGN 62.4bn on offer, 120% of the amount sought, and NGN 62.4bn was accepted.
Over the past year the 91-day rate has ranged from 9.58% to 11.20%.
A year earlier the 91-day bill cleared at the same 10.00%.
What this means for NGN 1,000,000
Worked from the published rate · information, not advice
NGN 65,000 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 1,065,000 after 6 months: NGN 65,000 in interest before any withholding tax, about NGN 10,833 a month.
That is NGN 500 more than the same money would have earned at the previous auction.
For shorter money: 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% | 10.000% | NGN 32.44bn | NGN 33.55bn | NGN 32.44bn |
| 182-day | 13.000% | 12.900% | NGN 30.00bn | NGN 41.14bn | NGN 30.00bn |
Source: Central Bank of Nigeria result · stop (issue) rate at the primary auction
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Afronomics (2026). Nigeria Treasury bill auction, 19 August 2015, compiled from the Central Bank of Nigeria. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/nigeria/2015-08-19
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