6 hours ago
The House of Representatives, yesterday, convened an emergency session to amend the Central Bank of Nigeria (CBN) Act, aimed at raising the total advances the bank can make to the Federal Government from five per cent to 15 per cent.
1 day ago
Four weeks after approving N22.7 trillion Ways and Means granted to the Federal Government by the Central Bank of Nigeria (CBN), the Senate has increased advances the apex bank could grant to the Federal Government from five per cent to 15 per cent.
With three days left to the expiration of the February 10 deadline, a Federal Capital Territory (FCT), High Court, has compelled the Central Bank of Nigeria (CBN) and 27 commercial banks to go ahead with the full implementation of the naira redesign policy...
Uproar as lawmakers halt Buhari’s plan to restructure N22.7tr CBN overdraft, okay N21.827tr 2023 budget
The Senate, yesterday, witnessed a rowdy session, following President Muhammadu Buhari’s bid to have the National Assembly legitimise and ‘restructure’ N22.7 trillion extended to the Federal Government through Ways and Means (W&M) financing by the Central Bank of Nigeria (CBN).
26 May 2021
These are features that are associated with excessive fiscal deficits which the conditions duly set in the Fiscal Responsibility Act and the annual Appropriation Act seeks to avoid.