CBN plans N5.8 trillion T-bill auction, its largest liquidity mop-up of 2026

Nigeria's Central Bank of Nigeria has announced plans for a N5.8 trillion treasury bills auction, the largest single liquidity mop-up operation of 2026. The scale of the exercise tightens system liquidity and raises the effective cost of capital for Nigerian startups and digital finance operators. A separate CBN N16.9 trillion broader liquidity tightening exercise is running concurrently, compounding pressure on bank lending capacity.