# Nigeria rejects most bids as 364-day Treasury bill rate edges higher

> The Debt Management Office accepted about a quarter of subscriptions, while the 364-day stop rate rose by 0.05 percentage points.

- **Source date:** 2026-10-17
- **Original source:** [The Punch](https://punchng.com/dmo-snubs-n763bn-bids-as-t-bill-rate-climbs/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-dmo-oct14-tbill-auction-rejects-bids-rate-rises-20261017
- **Markdown:** https://voltformer.com/news/ng-dmo-oct14-tbill-auction-rejects-bids-rate-rises-20261017.md

At the 14 October Treasury-bill auction, investors bid ₦1.032 trillion against a ₦450 billion offer. The Debt Management Office allotted ₦269.06 billion, accepting about 26.1% of total subscriptions.

The 364-day stop rate rose to 15.90% from 15.85% at the 7 October auction. That tenor attracted ₦982.21 billion in bids and received a ₦220 billion allotment against a ₦350 billion offer. The 91-day and 182-day bills were allotted at unchanged stop rates of 15.50% and 15.80%, respectively.

[The Punch](https://punchng.com/dmo-snubs-n763bn-bids-as-t-bill-rate-climbs/)

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