Central Bank of Nigeria (CBN) raised about N15.3 trillion from treasury bills market in 2025 as part of efforts to help federal government finance its budget deficit, according to figures released by the apex bank.
Gatekeepers News reports that the amount raised represents an increase of over 15 percent compared to the N13.3 trillion mobilised through treasury bills in 2024.
CBN data showed that the volume of treasury bills offered to investors in 2025 climbed sharply to about N12.8 trillion, up from N7.99 trillion in the previous year.
This increase reflected the government’s growing funding needs amid rising expenditure and revenue pressure.
However, despite the higher amount raised, investor interest weakened during the year. Total subscriptions dropped to about N36.6 trillion in 2025, compared with N38.7 trillion recorded in 2024.
Analysts have linked the decline to lower yields on government securities, which reduced their attractiveness to investors.
As part of ongoing reforms in the fixed-income market, the CBN also moved to strengthen its oversight of government securities.
In November, the apex bank announced the full activation of its S4 electronic platform, making it mandatory for treasury bills auction submissions, a step aimed at improving transparency and control in the market.
