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CBN To Continue Funding FG’s Deficit With 5% Ways And Means

The Central Bank of Nigeria (CBN) said it will continue to fund the Federal Government’s budgetary deficits by providing Ways and Means advances. This was disclosed in a document titled, ‘Budgetary, Credit, Foreign Trade and Exchange Policy Guidelines for Fiscal Years 2024/2025’, obtained by THE WHISTLER. The CBN maintained the 5 per cent threshold despite …

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