The Central Bank of Nigeria (CBN) raised N15.3 trillion from the Nigerian Treasury Bills (NTBs) market in 2025 to support the Federal Government’s drive to close its budget deficit, data obtained from the apex bank has shown.
According to the CBN, the figure represents a 15.04 per cent increase compared to the N13.3 trillion mobilised from investors in 2024.
Treasury bills (T-Bills) are short-term government debt instruments used to address budget gaps and fund development initiatives. They are issued at a discount, carry no interest, and are redeemed at face value upon maturity.
CBN data further indicated that the total amount offered for subscription in 2025 rose to N12.8 trillion, marking a 60.2 per cent increase from the N7.99 trillion offered in 2024.
Despite the higher funds raised, overall investor subscriptions declined, a development attributed to lower yields.
According to the apex bank, subscriptions in 2025 amounted to N36.63 trillion, reflecting a decline from the N38.75 trillion recorded in 2024.
On November 15, the CBN moved to assert greater control over the government securities segment of the fixed-income market.
The bank announced the activation of a new framework requiring the use of its S4 electronic interface for treasury bills auction submissions, with the directive taking effect from an issuance scheduled for November 20.