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FG Borrows N24tn From CBN
The Central Bank of Nigeria has disclosed that the Federal Government has borrowed N6.31trillion through Ways and Means Advances in 10 months. This has pushed the Federal Government’s borrowing from the CBN from N17.46 trillion in December 2021 to N23.77 trillion in October 2022. Ways and Means Advances is a loan facility through which the…
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FG borrows N2.45tn from CBN
Through Ways and Means Advances, the Federal Government’s total borrowing from the Central Bank of Nigeria has risen from N17.46 trillion in December 2021 to N19.91 trillion 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. According to the Debt…
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FG Borrows N1.48tn Via Bonds In Q1 2022
The Federal Government borrowed N1.48tn from bond investors through Federal Government bonds between January and March 2022. This is according to an analysis of the FGN Bond Auction results available on the website of the Debt Management Office. Bond oversubscriptions hit N1.03tn within the period under review, indicating the investors’ increasing appetite for FGN bonds.…