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Investors Indicates Interest In Nigeria’s Treasury Bills, Stake N2.41tn

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CBN

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

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

NNPC Ltd. HSE Chief Sets Tone For Industry-Wide Safety Standards

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NNPC's Mass Sack

NNPC Ltd. HSE Chief Sets Tone For Industry-Wide Safety Standards

NNPC Ltd.’s Chief Health, Safety and Environment Officer, Tonye Alagba, has urged Health, Safety and Environment (HSE) personnel across the company to strengthen collaboration and build a unified HSE team.

Alagba, who made the call at the recent First Quarter 2026 HSE Council Meeting held in Abuja from 15th to 17th April, 2026, called for collective responsibility, strict compliance, and proactive prevention of HSE violations across all business units.

NNPC's Mass Sack

NNPC

NNPC Ltd. values strict HSE adherence across all its businesses and operations. The HSE Council Meeting signals the company’s broader intent to raise the bar for safety culture across Nigeria’s energy sector.

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Economy

NNPC, SNEPCo, NCDMB Donate Geosciences Centre To UNILAG

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SNEPCo

NNPC, SNEPCo, NCDMB Donate Geosciences Centre To UNILAG

NNPC Limited, in partnership with Shell Nigeria Exploration and Production Company Limited (SNEPCo), the Nigerian Content Development and Monitoring Board (NCDMB), and the University of Lagos (UNILAG), commissioned and donated the newly built UNILAG Geosciences Centre of Excellence to the University on Friday.

Purposely built to strengthen geosciences education and research in Nigeria, the Centre was inaugurated by the Chief Upstream Investment Officer of NNPC Upstream Investment Management Services Ltd. (NUIMS), Olanrewaju Igandan, alongside the Managing Director of SNEPCo, Ronald Adams; Director of Capacity Building (NCDMB), Abayomi Bamidele; Lagos State Commissioner for Tertiary Education, Tolani Sule; and the Vice-Chancellor of UNILAG, Professor Folasade Ogunsola.

The Centre boasts of a 250-seat auditorium, geoscience and instrumentation laboratories, a rock preparation workshop, hydrogeology, mineralogy, environmental geology, sedimentary and palaeoenvironmental sciences laboratories, a seismic interpretation room, a modern library, a digital museum, and collaborative spaces for students and researchers. It is also supported by a 600 kVA transformer, a 40 kVA solar power facility, and a field investigation coaster bus.

SNEPCo

SNEPCo, NNPC

By connecting academia, industry, and government under one roof, the Centre provides Nigerian students and researchers with hands-on access to modern energy tools, reduces the oil and gas industry’s reliance on international markets for testing and training, and builds the in-country expertise Nigeria’s energy sector needs.

NNPC Limited remains committed to driving capacity building, supporting national development, and working with partners to secure a stronger energy future for Nigeria.

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Economy

NNPC: Ministers Chart Course Gor West African Gas Pipeline (WAGP)

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(WAGP)

NNPC: Ministers Chart Course Gor West African Gas Pipeline (WAGP)

The Committee of Ministers for the West African Gas Pipeline Project met in Abuja on Friday, reaffirming its central role in West Africa’s regional energy agenda.

The meeting brought together ministers and high-level representatives from Nigeria, Benin, Togo, and Ghana, alongside officials from ECOWAS, the West African Gas Pipeline Authority (WAGPA) and West African Gas Pipeline Company Limited (WAPCo).

Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, who opened the meeting, reaffirmed Nigeria’s commitment to the long-term sustainability and expansion of the pipeline, adding that since its inception, the WAGP has transported over 613 million MMBtu of natural gas, with Nigeria accounting for more than 68 per cent of total volumes supplied to Benin, Togo, and Ghana.

(WAGP)

NNPC

 

On his part, NNPC Limited’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, emphasised the company’s active stewardship of Nigeria’s gas export commitments and its broader role in shaping regional energy cooperation across West Africa.

With gas throughput reaching approximately 80 million MMBtu in 2025, a 22 per cent rise on prior years, and discussions advancing on expanding pipeline capacity utilisation by 45 per cent in 2026, NNPC Limited remains at the centre of efforts to grow a credible, commercially viable regional gas market.

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