Central Bank of Nigeria building. Photo: CBN
The Central Bank of Nigeria has cancelled the planned N700bn treasury bills auction for 5 August 2026, following a sharp tightening of liquidity after it mopped up N4.69tn from the banking system through Open Market Operations in two consecutive sessions.
The decision came after the CBN absorbed N2.52tn through a 141-day OMO bill on 3 August and another N2.17tn through 112-day and 113-day OMO bills on August 4.
The scale of the two-day liquidity withdrawal appears to have prompted the authorities to pause the T-bills auction to avoid putting additional pressure on funds available within the banking system.
Although the CBN, acting on behalf of the Debt Management Office, did not disclose a reason for the cancellation, market participants said the timing suggested concerns over excessive liquidity tightening.
