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The Debt Management Office (DMO), through the Central Bank of Nigeria (CBN), has rejected N1.84 trillion in investor subscriptions at the October 28, 2026 Nigerian Treasury Bills auction, allotting only N71.16 billion as the one-year stop rate declined to 15.80 per cent.
According to auction results, investors submitted N1.908 trillion in bids against an advertised offer of N800 billion, representing subscription coverage of 2.38 times the amount offered.
However, the authorities allotted only 8.89 per cent of the advertised offer, leaving approximately N1.837 trillion in subscriptions unfilled.
Ruth Oyiza Zaccheaus is a news blogger, content creator, and microbiology researcher with a deep passion for keeping society informed through timely, well-researched, and verifiable reporting. She covers politics, public affairs, and health, with a strong commitment to accuracy, clarity, and responsible publishing. Drawing from her scientific background, Ruth brings an evidence-based and analytical approach to her work, helping readers understand complex developments and make informed decisions. She is dedicated to bridging the gap between important information and the public, believing that informed readers are empowered readers. Ruth is currently pursuing an M.Sc. degree at a prestigious Nigerian university.
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