Government raises domestic borrowings by N1.5 trillion

The Federal Government has borrowed no less than N1.47 trillion from deposit money banks in the last three months, possibly through debt instruments from its monetary authorities. The development, according to a National Bureau of Statistics (NBS) report, is coming when “oil economy” had stabilised besides other borrowings from international sources. While budget financing may … Continue reading Government raises domestic borrowings by N1.5 trillion