Economy
Investors Indicates Interest In Nigeria’s Treasury Bills, Stake N2.41tn
Investors Indicates Interest In Nigeria’s Treasury Bills, Stake N2.41tn
Investors indicates interest in Nigeria’s Treasury Bills, stake N2.41tn. The latest treasury bills auction conducted by the Central Bank of Nigeria (CBN) on February 19, 2025, saw investors stake a total of N2.41 trillion across various tenors.
While this reflects sustained interest in government securities, it marks a decline from the N3.22 trillion recorded in the previous auction on February 5, 2025.
According to auction results obtained by The PUNCH, the CBN increased allotments, particularly for the 364-day bills, while stop rates declined.
This suggests a shift in investor sentiment, with many willing to accept lower yields in anticipation of future market conditions.
Breakdown of Auction Performance
91-day treasury bills: The offer size stood at N80 billion, attracting subscriptions worth N62.14 billion—up from N42.37 billion in the last auction. The CBN allotted N34.77 billion, with the stop rate falling from 18% to 17%.
182-day treasury bills: With an offer size of N120 billion, subscriptions rose to N49.88 billion, significantly higher than the N19.52 billion recorded previously.
The CBN allotted N34.98 billion at a stop rate of 18%, slightly lower than the 18.5% from the last auction.
364-day treasury bills: This tenor, which usually draws the highest investor interest, saw a decline in demand. Although the offer size stood at N500 billion, total subscriptions dropped to N2.3 trillion, compared to N3.16 trillion earlier.
The CBN, however, increased its allotment to N704.38 billion from N619.36 billion. The stop rate also fell to 18.43%, down from 20% in the previous auction.
What This Means for Investors
The decline in stop rates across all tenors suggests that investors are willing to accept lower returns, reflecting an adjustment in expectations.
This trend aligns with broader fixed-income market movements, where yields have been moderating amid stable liquidity conditions.
Maturity dates for successful bids are:
91-day bills: May 22, 2025
182-day bills: August 21, 2025
364-day bills: February 19, 2026

CBN
Lower treasury bill rates benefit the government by reducing borrowing costs while helping to manage liquidity in the financial system. However, the strong demand for these risk-free assets indicates that investors remain confident in government securities despite the drop in yields.
As Nigeria’s financial landscape evolves, StoryFlow Media will continue to keep you updated on key investment trends and market insights. Stay informed and stay ahead!
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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