CBN raises N15.3tn from treasury bills to bridge budget deficit

The Central Bank of Nigeria has raised N15.3 trillion through low-risk Nigerian treasury bills in 2025 to help bridge the country's budget deficit.

In a move to address Nigeria's budget shortfall, the Central Bank of Nigeria (CBN) has successfully raised N15.3 trillion from low-risk Nigerian treasury bills during 2025. This financial strategy aims to provide essential funding for government expenditures amid ongoing economic challenges. Treasury bills, known for their safety and short-term nature, serve as a reliable instrument for mobilizing domestic resources without high risks. The initiative underscores the CBN's role in stabilizing the economy by supporting fiscal needs through secure borrowing mechanisms.

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Illustration of a Treasury debt auction scene with officials, bidders, and financial charts symbolizing economic measures.
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Treasury seeks to renew nearly $15 trillion in debt in key auction

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The Finance Secretariat called an auction to renew nearly $15 trillion in debt on November 26. The Central Bank cut interest rates to 20% TNA and eased bank reserve requirements to encourage bond purchases. These steps aim to absorb liquidity, extend maturities, and boost economic activity.

The Central Bank of Egypt (CBE) received bids worth $1.141 billion in its latest US dollar-denominated local Treasury bill auction, exceeding the offered amount of $950 million, according to data published on the bank’s official website. The 364-day Treasury bills, offered on Monday and maturing on 2 February 2027, drew 26 bids.

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Egypt's Ministry of Finance has announced eight treasury bill and bond tenders worth a total of EGP 190bn this week, as part of its ongoing financing plan. The offerings include four treasury bills totaling EGP 160bn and four bonds amounting to EGP 30bn.

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed the federal government's commitment to decreasing its dependence on borrowing.

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The Central Bank of Nigeria is leading efforts to modernise electronic payments, aiming to enhance cybersecurity and ensure financial stability.

Fidelity Bank has successfully raised N259 billion through a private placement, exceeding the N500 billion capital requirement set by regulators.

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The Egyptian market awaits banks' return to business on Sunday following the weekend break to assess the impact of the Central Bank of Egypt's decision last Thursday to cut interest rates by 1% on returns from savings products and borrowing costs. The Monetary Policy Committee reduced the bank's key policy rates to 20% for overnight deposits, 21% for overnight lending, and 20.5% for both the main operation rate and the credit and discount rate.

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Treasury repurchases bonds to curb rising interest rates

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Signature bank capital surpasses CBN’s N50bn recapitalisation benchmark

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Egyptian market awaits impact of 1% rate cut on savings, loans, and government debt

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Oil prices sustain rally above 2026 budget, boost naira

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Egypt's finance ministry plans EGP 843bn local debt tenders in February

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Egyptian government plans EGP 2.7trn in local debt issuances for Q3 FY2025/2026

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External reserves up 10.8% year-over-year to $45.28 billion

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Mdhibiti wa bajeti aonya serikali iache kukopa kiholela

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Federal government to issue N1.23 trillion power sector bond

 

 

 

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