https://newsspecng.com/2026/08/28/fg-awards-contracts-to-rehabilitate-13-police-training-institutions/ 2026-08-28T10:29:40Z Newsspecng en FG Awards Contracts To Rehabilitate 13 Police Training Institutions 2026-08-28T10:29:40Z Blog https://newsspecng.com/2026/08/28/lasuth-doctors-give-lagos-govt-7-day-ultimatum-over-unpaid-allowances-salary-arrears/ 2026-08-28T10:28:30Z Newsspecng en LASUTH Doctors Give Lagos Govt 7-day Ultimatum Over Unpaid Allowances, Salary Arrears 2026-08-28T10:28:30Z Blog https://newsspecng.com/2026/08/28/cbn-cuts-t-bill-rate-amid-n3-63tn-demand-investors-are-increasingly-positioning-for-longer-term-returns-in-nigerias-fixed-income-market-with-the-latest-treasury-bills-auction-showing-an-ove/ 2026-08-28T10:27:15Z Newsspecng en CBN Cuts T-bill Rate Amid N3.63tn Demand Investors are increasingly positioning for longer-term returns in Nigeria’s fixed-income market, with the latest treasury bills auction showing an overwhelming preference for the one-year government security. At the Central Bank of Nigeria’s (CBN) primary market auction on Wednesday, investors submitted N3.63tn for the 364-day T-bill, representing 95.9 per cent of the N3.79tn total bids received across the three maturities. The demand came despite the CBN lowering the stop rate on the one-year instrument by 44 basis points to 17.15 per cent, from 17.59 per cent at the previous auction. The auction results point to a significant shift in investor appetite towards longer-dated government securities, even as demand for shorter-tenor instruments remained subdued. The CBN had offered N700bn across the three maturities, comprising N100bn each for the 91-day and 182-day bills and N500bn for the 364-day bill. However, total subscriptions reached approximately N3.79tn, more than five times the amount offered. The 364-day instrument was the clear outlier at the auction, receiving bids equivalent to 7.26 times the amount offered. The CBN ultimately allotted N638.19bn, exceeding the N500bn offer by N138.19bn. Despite the additional allotment, only about 17.6 per cent of total bids submitted for the instrument were accepted. Investors quoted yields between 16.00 per cent and 19.05 per cent, but the CBN settled at 17.15 per cent, suggesting that the level of demand allowed the regulator to reject more expensive bids. The development is significant because the CBN achieved a lower borrowing rate even after receiving exceptionally strong demand for the security. The contrast was stark at the shorter end of the curve. The 91-day bill attracted N103.32bn in subscriptions against N100bn offered. The CBN allotted N89.10bn at an unchanged stop rate of 16.30 per cent. The 182-day bill performed even more weakly, attracting only N52.93bn against N100bn on offer. The CBN allotted N35.59bn, while the stop rate remained at 16.50 per cent. Secondary-market yields for the three instruments stood above their respective auction stop rates, at 17.45 per cent for the 91-day bill, 17.05 per cent for the 182-day bill and 17.24 per cent for the 364-day bill. According to a financial sector analyst, Jimbe Asalor, the concentration of bids in the one-year instrument suggests investors may be placing greater value on locking in relatively attractive yields over a longer period rather than repeatedly rolling over shorter-term securities. He noted that the latest auction also demonstrates “the CBN’s ability to borrow more cheaply when demand is concentrated around a particular maturity.” He added that by accepting N638.19bn on the 364-day bill at 17.15 per cent, the CBN borrowed above its initial offer while simultaneously cutting the rate by 44 basis points. “The nine-basis-point difference between the auction stop rate and the 17.24 per cent secondary-market yield also indicates that the one-year segment is now trading relatively close to market expectations.” A Lagos-based consultant economist, Chukwunonso Iheoma, said if the preference for longer-dated treasury bills persists, the development could provide further support for a gradual decline in government borrowing costs while strengthening expectations of eventual interest-rate cuts. 2026-08-28T10:27:15Z Blog https://newsspecng.com/2026/08/28/fuel-hike-labour-csos-accuse-fg-operators-of-gang-up-exploitation/ 2026-08-28T09:19:03Z Newsspecng en Fuel Hike: Labour, CSOs Accuse FG, Operators Of Gang-up, Exploitation 2026-08-28T09:19:03Z Blog https://newsspecng.com/2026/08/28/investors-dispute-nigeria-asks-un-to-protect-national-sovereignty-in-arbitration-cites-pid-case/ 2026-08-28T09:15:44Z Newsspecng en Investors Dispute: Nigeria Asks UN To Protect National Sovereignty In Arbitration, cites P&ID case 2026-08-28T09:15:44Z Blog https://newsspecng.com/2026/08/28/vdm-falana-demands-experienced-speakers-from-nba/ 2026-08-28T09:14:07Z Newsspecng en VDM: Falana Demands Experienced Speakers From NBA 2026-08-28T09:14:07Z Blog https://newsspecng.com/2026/08/28/fg-backs-taraba-development-master-plan-pledges-stronger-partnership-idris/ 2026-08-28T09:11:43Z Newsspecng en FG Backs Taraba Development Master Plan, Pledges Stronger Partnership — Idris 2026-08-28T09:11:43Z Blog https://newsspecng.com/2026/08/28/tinubu-swears-in-abel-enitan-as-head-of-civil-service-of-the-federation/ 2026-08-28T09:08:36Z Newsspecng en Tinubu Swears In Abel Enitan As Head Of Civil Service Of The Federation 2026-08-28T09:08:36Z Blog https://newsspecng.com/2026/08/28/nigerias-external-reserves-hit-53-11bn-near-2009-record/ 2026-08-28T09:05:07Z Newsspecng en Nigeria’s External Reserves Hit $53.11bn, Near 2009 Record 2026-08-28T09:05:07Z Blog https://newsspecng.com/2026/08/27/gastronomy-key-to-nigerias-tourism-growth-cultural-diplomacy-minister/ 2026-08-27T18:11:59Z Newsspecng en Gastronomy key to Nigeria’s Tourism Growth, Cultural Diplomacy - Minister 2026-08-27T18:11:59Z Blog https://newsspecng.com/2026/08/27/ecowas-honours-ecomog-commanders-journalists-killed-in-liberia-war/ 2026-08-27T19:11:42Z Newsspecng en ECOWAS Honours ECOMOG Commanders, Journalists Killed in Liberia War 2026-08-27T18:07:52Z Blog https://newsspecng.com/2026/08/27/governors-distanced-themselves-from-blame-of-non-accountability-for-subsidy-removal/ 2026-08-27T16:35:33Z Newsspecng en Governors distanced themselves from blame of non accountability for subsidy removal 2026-08-27T16:35:33Z Blog https://newsspecng.com/2026/08/27/fubara-scores-double-on-health-unveiles-news-general-hospital-neuropsychiatric-hospital-rumuigbo/ 2026-08-27T16:34:03Z Newsspecng en Fubara scores double on health, unveiles news general hospital, NEUROPSYCHIATRIC hospital , RUMUIGBO 2026-08-27T16:34:03Z Blog https://newsspecng.com/2026/08/27/free-insurance-cover-for-msmes-as-cr-meda-screens-underwriters/ 2026-08-27T15:27:53Z Newsspecng en Free insurance cover for MSMEs as CR-MEDA screens underwriters 2026-08-27T15:27:53Z Blog https://newsspecng.com/2026/08/27/delta-at-35-oborevwori-celebrates-states-remarkable-progress/ 2026-08-27T14:16:59Z Newsspecng en DELTA AT 35: Oborevwori Celebrates State’s Remarkable Progress 2026-08-27T14:16:59Z Blog https://newsspecng.com/2026/08/27/police-summon-verydarkman-over-alleged-kidnapper-information-claims/ 2026-08-27T12:06:16Z Newsspecng en Police summon VeryDarkMan over alleged kidnapper information claims 2026-08-27T12:06:16Z Blog https://newsspecng.com/2026/08/27/just-inus-suspends-immigrant-visa-applications-worldwide/ 2026-08-27T12:02:55Z Newsspecng en Just in:US suspends immigrant visa applications worldwide 2026-08-27T12:02:55Z Blog https://newsspecng.com/2026/08/26/poverty-reduction-traditional-ruler-advocates-data-driven-approach-community-farming-skills-acquisition/ 2026-08-26T16:08:06Z Newsspecng en Poverty reduction: Traditional ruler advocates data-driven approach, community farming, skills acquisition 2026-08-26T16:08:06Z Blog https://newsspecng.com/2026/08/26/police-detain-officers-accused-of-n40000-extortion-in-abuja/ 2026-08-26T08:16:02Z Newsspecng en Police Detain Officers Accused Of N40,000 Extortion In Abuja 2026-08-26T08:16:02Z Blog https://newsspecng.com/2026/08/26/why-police-tried-to-arrest-tani-olohun-oyo-community/ 2026-08-26T08:14:59Z Newsspecng en Why Police Tried To Arrest Tani Olohun — Oyo Community 2026-08-26T08:14:59Z Blog https://newsspecng.com/2026/08/26/unizik-suspends-professor-stripped-over-alleged-sexual-assault/ 2026-08-26T08:13:56Z Newsspecng en UNIZIK Suspends Professor Stripped Over Alleged Sexual Assault 2026-08-26T08:13:56Z Blog https://newsspecng.com/2026/08/26/pastor-leads-members-to-celebrate-maulud-with-muslims-in-kaduna/ 2026-08-26T08:12:48Z Newsspecng en Pastor Leads Members To Celebrate Maulud With Muslims In Kaduna 2026-08-26T08:12:48Z Blog https://newsspecng.com/2026/08/26/court-jails-canada-returnee-11-years-for-trafficking-in-marijuana/ 2026-08-26T08:11:26Z Newsspecng en Court Jails Canada Returnee 11 Years For Trafficking In Marijuana 2026-08-26T08:11:26Z Blog https://newsspecng.com/2026/08/26/why-drug-barons-must-lose-their-wealth-marwa/ 2026-08-26T08:10:03Z Newsspecng en Why drug barons must lose their wealth -Marwa 2026-08-26T08:10:03Z Blog https://newsspecng.com/2026/08/26/benin-agbor-asaba-gridlock-tinubu-orders-urgent-intervention/ 2026-08-26T08:08:11Z Newsspecng en Benin-Agbor-Asaba Gridlock: Tinubu Orders Urgent Intervention 2026-08-26T08:08:11Z Blog https://newsspecng.com/2026/08/26/leadership-news-editors-book-on-digital-shift-in-nigerias-newspaper-industry-for-launch-october-29/ 2026-08-26T08:06:50Z Newsspecng en LEADERSHIP News Editor's book on digital shift in Nigeria’s Newspaper Industry for launch October 29 2026-08-26T08:06:50Z Blog https://newsspecng.com/2026/08/26/adc-jigawa-rejects-tinubu-endorsement-by-clerics-condemns-politicisation-of-islamic-scholars-and-challenges-claims-on-security-and-infrastructure/ 2026-08-26T08:04:45Z Newsspecng en ADC JIGAWA REJECTS TINUBU ENDORSEMENT BY CLERICS, CONDEMNS POLITICISATION OF ISLAMIC SCHOLARS AND CHALLENGES CLAIMS ON SECURITY AND INFRASTRUCTURE 2026-08-26T08:04:45Z Blog