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CBN loans

Money market

FG pays N912.32bn interest on CBN loans in Q1, 2023

By Sodiq Adelakun The Federal Government of Nigeria paid a staggering interest of N912.32bn in the first quarter of 2023 on loans obtained from the Central Bank of Nigeria through Ways and Means Advances. This alarming figure, disclosed in the…

NewsDirect
October 9, 2023

Money market

Reps raise limit on CBN loans

The House of Representatives (HOR), amidst protest on Sunday, approved an amendment to the Central Bank of Nigeria Act, raising the ceiling of Ways and Means Advances from the apex bank from five to 15 per cent. The House gave…

NewsDirect
May 30, 2023