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Business

Tinubu’s Govt Borrowed N6.5tn In Three Months As Debt Hits N121.67tn

The Bola Ahmed Tinubu administration has borrowed N6.53tn between December 2023 and March 2024 including the securitasation of Ways and Means, according to data...
Business

FG To Audit N22.7trn Ways And Means Debt To CBN

The federal government on Tuesday unveiled plans to audit the N22.7trn Ways and Means debt to the Central Bank of Nigeria.The Minister of Finance...
News

Obi To Tinubu: Borrow To Build Not To Consume On Luxury Items Or Nigeria Will Crash

Presidential candidate of the Labour Party in the 2023 presidential election, Peter Obi has advised President Bola Tinubu to borrow to build the country...
Business

FG Takes Fresh N4.05trn Loan From CBN, Domestic Market Amidst Ways And Means Outcry

The federal government has taken N4.047trn additional borrowings between January to September 2023, thereby raising fresh concerns on a repeat of the abuse of...
Business

House of Reps Concurs With Senate, Amend CBN Act To Allow FG Borrow More Through Ways And Means

The House of Representatives has amended the section of the Central Bank of Nigeria Act that provides for ways and means.The amendment was made...
Business

Expert Cautions FG On Further Breach Of Debt Limit After Ways And Means Raises Nigeria’s Debts To N68.9trn

Uche Uwaleke, a Professor of Capital Market has warned the Nigerian Government against further breaching of the permisible limit which the Central Bank of...
Business

FG’s N22trn Ways And Means Borrowing From CBN Forces Moody’s To Downgrade Nigeria’s Credit Worthiness To Very High Risk

Nigeria’s debt rating has been downgraded by United States-based Moody’s investors over the country’s revenue woes and excessive funding through the Central Banks’ ways and means.Moody’s...

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