Premium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
SPECIAL REPORT: Antimicrobial resistance crisis heightens in Nigeria, other countriesBalancing economic growth and the energy transition in developing countries, By Mohammed Dahiru AminuHow Ukraine’s Superhuman Centre is helping war heroes walk againINVESTIGATION: How displaced Nigerian villagers are massacred in search for foodBalancing economic growth and the energy transition in developing countries, By Mohammed Dahiru AminuThe CBN also clarified that any Ways and Means Advances provided...
This means that the federal government’s consolidated cash position will be more accurately reflected, providing a clearer picture of available resources and enhancing transparency in public financial management. Meanwhile, the Senate and House of Representatives recently passed a bill to raise the limit on Ways and Means loans that the CBN can extend to the federal government.The upper chamber of Nigeria’s legislature increased the credit facility available to the federal government from the central bank from 5 per cent to 10 per cent of annual revenue.As of 2023, the facility had surged over 2,900 percent over the past seven years, reaching an unprecedented N23.7 trillion.
He highlighted this as one of the critical measures the bank has adopted to address the country’s current economic challenges.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN survey sees improvement in Nigeria’s business activitiesA Central Bank of Nigeria survey indicated that business activities in Nigeria's economy are expected to improve in the next six months. This is according to July's Business Expectations Survey report released by CBN on Wednesday. The survey said that the growth would be driven by Nigeria's services and agriculture sectors.
Read more »
CBN: Nigeria’s economic activities expanded in August but employment level contractedCBN says the country’s economic activities expanded in August despite experiencing a decline in employment levels across sectors.
Read more »
CBN report indicates Nigeria’s economic activities expansion in 13 monthsThe Central Bank of Nigeria's Purchasing Managers’ Index (PMI) report for August 2024 showed that businesses recorded their first expansion in 13 consecutive months. This is according to the report released by the apex bank on Wednesday. The report showed that the composite PMI for August 2024 stood at 50.
Read more »
Minister Pate, don’t burn bridges after crossing them, By Osmund AgboPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
PDP on self-destructive path?, By Zainab Suleiman OkinoPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Xiaomi unveils latest innovations: Redmi 14C, Redmi Pad SE 8.7, and Redmi Buds 6 seriesPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »