Niger struggled to raise on Thursday, March 13, 2025 on the West African Monetary Union (UMOA) financial market an amount of 20 billion FCFA (32 million dollars) after a simultaneous issuance of an auction of assimilable treasury bills (BAT) with a maturity of 182 and 266 days.

The issuer had put 20 billion CFA francs up for auction. But, in the end, the overall submissions from investors amounted to only 14.867 billion FCFA. This corresponds to an average coverage rate of the amount put up for auction of

Applying the adage that, when you don't have what you want, you're content with what you have, the Nigerien Public Treasury retained all the submissions. This gives an absorption rate of 100%.

Investors whose submissions were successful will end up with a weighted average return of 9.86% for 182-day vouchers and 10.51% for 266-day vouchers.

The Niger Public Treasury has undertaken to repay the vouchers issued on the first working day following the due date set at September 11, 2025 for those of 182 days and on December 4, 2025 for those of 182 days and on December 4, 2025 for those of 266 days. Interest will be paid in advance and deducted from the nominal value of the vouchers