In a context of growing investor appetite for naira assets and hedging against a double-digit inflation rate, the Central Bank of Nigeria (CBN) succeeded in raising treasury bills (T-Bills) worth an estimated 8.99 trillion naira during the seven months of 2025.

The 8.99 trillion naira raised in the seven months of 2025 represents a decrease of 4.1% compared to the 9.39 trillion naira raised in the seven months of 2024.

Treasury bills are generally issued by the CBN to meet the government's short-term financing needs and are considered to be a safe, low-risk investment.

The CBN, in its “government securities” data, said it raised about 13.3 trillion naira from treasury bills in 2024, an increase of about 99.7% from the 6.66 trillion naira raised in 2023.

During the period under review, the total amount of treasury bills awarded to investors represented approximately 36.47 percent of the total subscriptions received in the 16 primary market auctions conducted during the seven months of the year.