BLOG

Why FG is worried about hefty borrowing from CBN


Nigeria’s Federal Government acknowledged its unhealthy reliance on central bank (CBN) loans by announcing plans to securitise the existing loans and take them off the CBN’s stretched balance sheet. The CBN’s net financing to the Federal Government stood at N4.4 trillion as at August 2019 from less than N400 billion in December 2018, according to…



Subscribe to BusinessDay for just N500 per month to read full article

bottom ad (whats app)



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.