The Federal Government borrowed N25.36 trillion from the Central Bank of Nigeria (CBN) as at March 2023, pushing the figure from N23.53 trillion last December, The PUNCH has reported. The calculation includes N1.83 trillion borrowed through Ways and Means Advances in the first quarter of this year. The figure was according to the provisional data from the regulatory bank through …

The House of Representatives has approved an amendment to the Central Bank of Nigeria (CBN) Act, raising the ceiling of Ways and Means Advances (WMA) from the apex bank from five to 15 per cent. The House gave the approval at an emergency sitting today, which Breezy News earlier reported. At an emergency plenary yesterday, the Senate raised approved an …