Federal Government overdraft
CBN Rakes In N3.1bn Interest from FG Loans
The Central Bank of Nigeria (CBN) recorded a significant decline in interest income from the Federal Government’s Ways and Means advances in 2024, earning just N3.1 billion, a sharp drop from the staggering N1.6 trillion earned in 2023. This development, revealed in the apex bank’s 2024 audited financial statements, highlights a strategic shift in Nigeria’s […]