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CBN ACT
The Senate and the House of Representatives on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government.
The Nigerian Senate has introduced a bill to amend the Central Bank of Nigeria (CBN) Act of 2007, proposing a 21-year imprisonment penalty for breaches of the CBN Act limit on ways and means advances.
The National Assembly has proposed amendments to the Central Bank of Nigeria (CBN) Act 2007, aimed at enforcing a stringent neutrality rule for the apex bank's top executives.
The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing in the last six months of 2023.
Amidst the unfolding drama surrounding the resignation of Central Bank Governor Godwin Emefiele, a recent dive into the...
The Center for Social Justice (CSJ) has urged President Bola Tinubu not to sign the recent amendment to the Central Bank of Nigeria (CBN) Act, which increased advances the CBN can grant to the Federal Government of Nigeria from 5% to 15%.
The Ways and Means clause permit the government to borrow money from the Apex Bank in an emergency