Reps Approve N8.4tn Borrowing, N6.3tn Debt Service - Budget
President Muhammadu Buhari, will on Friday (today) lay the 2023 Appropriation Bill before a joint session of the National Assembly in Abuja.
Ahead of the Federal Government budget presentation, the House of Representatives, on Thursday, passed the...
Bank Borrowing From CBN Increases By 27% To N4.5trn
Amid a rising liquidity crunch, banks operating in Nigeria borrowed a whopping sum of N4.5tn from the Central Bank of Nigeria in July, an increase of 27 per cent Month-on-Month from N3.6tn borrowed in June 2022.
Banks...
FG’s Borrowing From Local Investors Rises By 21% In H1, 2022
The Federal Government borrowed N4.2 trillion from local investors in the first half of the year (H1’22), representing 21 per cent, year-on-year YoY, increase from N3.89 trillion borrowed in the first half of 2021...
Fed Govt’s Borrowing From CBN Rises By 96.54%, Now N18.16trn
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has risen by 96.54 per cent or 8.92tn in two years, data collated from the CBN have shown.
It rose...
Banks Cut Borrowing From CBN By 47%
Banks’ borrowing from the Central Bank of Nigeria, CBN, fell for the second consecutive month in February, by 47 percent to N666 billion, driven by further improvement in the level of liquidity in the interbank system.
On the other...
We Have Improved Infrastructure, Revenue Despite High Borrowing – DMO
The Debt Management Office (DMO) has said that criticism of the federal government’s borrowings have failed to take into account the level of infrastructure and improved generation strategies.
In a statement on its website Sunday, which...
