Within 6months, FG borrows N2.45tn from CBN; total borrowings equal 19.91tn
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022. According to data from the CBN, this shows that the Federal Government borrowed N2.45tn from the apex bank within six months. The N19.91tn owed the apex bank by … [Read more…]