₦airaland Forum

They've sold out. May become available again if they get sold some

astuto:
Why is Blunest no longer showing Treasury Bills?

Even the 332 day has disappeared.

What's happening?

July's 2 and 3 year Savings Bond offer has occurred.

UncleJudax:
Wetin happen to 2-3 years?

July's FGN Bond Auction offer.

Yesterday's NTB Auction Results.
Wow N2.87trn bid on the long end. I am beginning to think the N5.8trn planned for this quarter's issue programme will get hoovered up with stable or lower yields

Tomorrow.

DFPS:
Please, when is the next Nigerian Treasury Bills primary auction?

15 July.

adetunrayo:
Please when is the next auction?

Not surprised with a hefty 5.8trn 3rd quarter offer programme. I expect yields will continue to inch up through the programme. It also probably explains why Naira reversed its recent appreciation against the greenback

Odunharry:
Yield up again

Wow... a more than doubling of the offering size over the next quarter (an additional N3.2trn on top of the 2.6trn maturing) with an auction held almost every week... Interesting.. I would expect yields to rise to clear these sizes out...

goodandkind:
The auction schedule for the third quarter of 2026 has been released (see attached), so the next auction will hold next week Wednesday.

Source: getfinanceandinvestmenttips on Instagram

My apologies 🙏 It usually holds every two weeks.

Ayo8:
At the bank... first bank said they weren't advised for primary auction for this week

Tomorrow.

sammily:
When is the next Treasuary Bill?

June's FGN Bond Auction results. Yields rising as also reflected in recent NTB auction results

skydiver01:
June's FGN Bond Auction date Quite a large size too (double May's auction amount). Would be interesting to see where the yields end at.

In principle, a mandate with 'specified and detailed instructions e.g. instruments to be purchased and amounts' can be given to a bank/financial institution to execute (on your behalf) at 'such specified times' e.g. upon receipt of your coupon payments.

That said, unless there is a strong need to give a mandate e.g. automatic compounding with coupons received, it is probably a good idea to review your options between coupons (6 monthly) and then instructing after coupons have been received since markets, needs and opportunities do change.

If you do wish to give a mandate, its best to contact your account officer or relationship manager.

DAramis:
Thank you for your explanation. That brings me to my next question, can a mandate of instruction be given to bank to re-invest the accrued interest and coupon that would be paid under this or other higher yielding bond? How can someone go about it?

Whilst the yields on both are likely to be similar, personally I would opt for the Apr 2037 only because one would have two months accrued interest to pay now (which is irrelevant because you get it back) but relevant if cashflow is tight and you desire more units to purchased with the ~five months accrued interest required to be paid on the Jan 2035 (which will also be higher per unit because of it's higher coupon). If cashflow is irrelevant then it is a function of your preferred tenor i.e. 2035 or 2037. In addition, the 2037 provides additional income for another ~two years

I bought the Jan 2035 at the January auction this year so it is not of interest to me at this time.

DAramis:
Thank you for the update.

Which offers the best yield among the two offers , if the yield is at 17 percent?

June's FGN Bond Auction date Quite a large size too (double May's auction amount). Would be interesting to see where the yields end at.

Yes the CBN no longer does. However the DMO website does as shown in the link below. The last quarterly calendar published was Q4 2025.
https://www.dmo.gov.ng/fgn-bonds/bonds-issuance-calendar
This year the DMO has continued to issue monthly auction notices shown in the link below.
https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular
The one for June has not gone out.

DAramis:
CBN no longer post FGN BOND quarterly calender on their website.

Who has the bond offer circular for June or the remainder of the last two quarters?

I need to have an idea about the opening and closing date and offers availability of the subscriptions offer

CC Skydiver

Rate and amount allotted for the 1 year increased

Progress and long may it continue

NSEstudent:
May 15 2026 FGSB coupon paid uncharacteristically on due date.

Next NTBills Primary Auction is Wednesday 20th May.

heavenisreal18:
Okay. till when Pls

And the results are below. Reduction in both amounts allotted and marginal rates

skydiver01:
No, it does not mean one can get 22.6%. The rate one gets is reflective of the bond's price in the secondary market. My guess is most likely in the range 16.5%-17.75%

No, it does not mean one can get 22.6%. The rate one gets is reflective of the bond's price in the secondary market. My guess is most likely in the range 16.5%-17.75%

Noted. Merci Beaucoup🙏

along with allotted amounts being reduced
Nevertheless, N2.6 trillion subscription for the one year is quite something... Besides it being 5 times oversubscribed, it makes one wonder why the N2.6 trillion is not prepared to be invested in the real economy... 🥹

Odunharry:
Rate drop again..

Today, using by the bi-weekly schedule. The last one was on 25th March

kaceei:
Please when is the next Treasury Bills primary auction?

Once again, the CBN has continued to reduce the amounts allocated whilst also reducing the rates at the long end (not many successful bids as a result). Potentially implying TB rates may continue to trend downwards

skydiver01:
Will be interesting to see how today's auction goes given the global bond market development induced by the Israel-Iran War.

Will be interesting to see how today's auction goes given the global bond market development induced by the Israel-Iran War.

skydiver01:
Unusually scheduled late but voila... the March FGN Primary Bond Auction Circular is out

Unusually scheduled late but voila... the March FGN Primary Bond Auction Circular is out

skydiver01:
No, I don't have a calendar. I simply check the DMO's website for their monthly bond auction circulars here https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular

I noticed years ago there is usually one every month. But I have not seen an auction circular for this month listed. There is still another week to go so there might be one next week. I do think its unlikely since about a week's notice is normally given. That said, I would not rule it out. Furthermore, an auction in March may also not be desired given current oil prices

Odunharry:
Noticed same also.

Please do you have the auction calendar?

No, I don't have a calendar. I simply check the DMO's website for their monthly bond auction circulars here https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular

I noticed years ago there is usually one every month. But I have not seen an auction circular for this month listed. There is still another week to go so there might be one next week. I do think its unlikely since about a week's notice is normally given. That said, I would not rule it out. Furthermore, an auction in March may also not be desired given current oil prices

Yes ooo. We thank God 🙏

Odunharry:
Holiday is set

It appears the CBN is continuing to reduce the amounts allocated whilst also reducing the rates at the long end. Interestingly enough, there has also been, so far, no primary bond auction this month (7 working days to the end of March). Watching to see if one is done next week

Odunharry:
Rate drop

18 March 2036 FGN bond coupon payment received on time

Feb 2031 & Feb 2034 FGN Bond coupon payments received

Correct 👍✅

Joyful365:
The term marginal rate is merely descriptive - it implies that a small change has taken place compared to the last time.

If you invest, you're going to get what is quoted in the marginal rate, not the 19% you see at the top.