Treasury Bills (T-Bills) remain one of the most secure and profitable short-term investments in Nigeria. Backed by the Central Bank of Nigeria (CBN), T-Bills offer risk-free returns and are ideal for individuals and businesses looking to preserve capital and earn passive income.
If you’re wondering when the next Treasury Bills auction in Nigeria will take place, you’re in the right place. In this guide, you’ll learn:
Next Treasury Bills Auction Date
Calculating…
✅ The complete schedule for Treasury Bills auctions in 2025
✅ How to participate in upcoming auctions
✅ How to calculate your expected returns
✅ Why you should invest in Treasury Bills today
💡 Want to calculate your Treasury Bills earnings before investing? Use our free Treasury Bills Calculator to estimate your returns instantly!
When Is the Next Treasury Bills Auction in Nigeria?
The Central Bank of Nigeria (CBN) holds Treasury Bills auctions every two weeks (bi-weekly). As of February 13, 2025, the most recent auction took place on February 5, 2025.
The next Treasury Bills auction is scheduled for:
📅 February 19, 2025
Since the CBN follows a fixed auction schedule, we can predict the likely T-Bill auction dates for the rest of 2025.
Full Treasury Bills Auction Schedule for 2025
📌 Below are the expected Treasury Bills auction dates for the entire year:
| Month | Auction Dates |
|---|---|
| January | 8, 22 |
| February | 5, 19 |
| March | 5, 19 |
| April | 2, 16, 30 |
| May | 14, 28 |
| June | 11, 25 |
| July | 9, 23 |
| August | 6, 20 |
| September | 3, 17 |
| October | 1, 15, 29 |
| November | 12, 26 |
| December | 10, 24 |
💡 These dates are subject to change based on CBN policies and market conditions. Always confirm with your bank before applying.
How to Participate in the Next Treasury Bills Auction
1️⃣ Choose Where to Buy (Primary or Secondary Market)
🔹 If you have ₦50 million or more, buy directly from CBN auctions via your bank (Primary Market).
🔹 If you have less than ₦50 million, buy from the secondary market through banks or brokers.
2️⃣ Open an Investment Account
✔ You need an active bank account with a commercial bank like GTBank, Zenith Bank, or First Bank.
✔ Some banks may require a CSCS (Central Securities Clearing System) account for secondary market trading.
3️⃣ Decide on Your Investment Amount
✔ Primary Market Minimum: ₦50 million
✔ Secondary Market Minimum: ₦1,000 – ₦100,000 (varies by bank or broker)
4️⃣ Select Your Tenor (Duration)
✔ 91-day (3 months)
✔ 182-day (6 months)
✔ 364-day (1 year)
💡 Want to estimate your returns before investing? Use our Treasury Bills Calculator for instant calculations.
5️⃣ Submit Your Application
✔ If buying in the primary market, complete a CBN Treasury Bill application form at your bank.
✔ If buying in the secondary market, apply through your bank’s investment platform or stockbroker.
6️⃣ Fund Your Investment
✔ Once your application is approved, transfer the required funds.
7️⃣ Receive Your Treasury Bill Certificate
✔ Confirms your investment details, including amount, interest rate, and maturity date.
Example: How to Calculate Treasury Bills Returns
To help you understand how much you can earn, here’s an example:
🔹 Investment Amount: ₦1,000,000
🔹 Tenor: 364 days
🔹 Discount Rate: 23.2954%
Step 1: Calculate the Discounted Purchase Price
📌 ₦1,000,000 ÷ (1 + (23.2954/100)) = ₦811,000.00
Step 2: Calculate Your Profit
📌 ₦1,000,000 – ₦811,000.00 = ₦189,000.00
💰 At maturity, you receive ₦1,000,000, making a profit of ₦189,000.00.
📌 Want to skip manual calculations? Use our Treasury Bills Calculator for accurate results!
Why Invest in Treasury Bills?
✔ Risk-Free Investment – Backed by the Nigerian government, so no risk of losing money.
✔ High Returns – Earn up to 30% per year, better than savings accounts.
✔ Tax-Free Earnings – Unlike other investments, T-Bill profits are not taxed.
✔ Short-Term Gains – Options of 91, 182, and 364 days allow quick returns.
✔ Easy to Sell – Can be sold before maturity in the secondary market.
💡 Want to compare Treasury Bills with other investments? Use our Treasury Bills Calculator today!
Frequently Asked Questions (FAQs)
1️⃣ How Often Are Treasury Bills Auctions Held?
✔ Every two weeks (bi-weekly).
2️⃣ What Is the Minimum Amount to Invest?
✔ ₦50 million (Primary Market), ₦1,000+ (Secondary Market).
3️⃣ How Do I Track Upcoming Treasury Bill Auctions?
✔ Stay updated with CBN announcements or check with your bank.
✔ Bookmark this guide for quick access to upcoming dates!
4️⃣ Can I Buy Treasury Bills Online?
✔ Some banks offer online applications.
✔ For secondary market purchases, banks and stockbrokers provide online trading options.
📌 Want to see how much you can earn? Use our Treasury Bills Calculator now!
Final Thoughts – When Should You Invest in Treasury Bills?
✅ If you want safe, government-backed, and tax-free returns, Treasury Bills are the best option.
✅ If you are looking for short-term investments with high liquidity, T-Bills are ideal.
✅ If you want guaranteed earnings with zero risk, T-Bills are perfect.
📌 Before investing, check the latest rates and calculate your expected earnings using our Treasury Bills Calculator.