A document from the Central Bank of Nigeria showed that thirty-one states owed the apex bank N330.9 billion obtained to pay workers' salaries between 2015 and 2023. The apex bank disclosed this in its Salary Bailout Facility, a strategic intervention report. This was part of the N10.
A document from the Central Bank of Nigeria showed that thirty-one states owed the apex bank N330.9 billion obtained to pay workers' salaries between 2015 and 2023. The apex bank disclosed this in its Salary Bailout Facility, a strategic intervention report. This was part of the N10.3 trillion intervention fund made available by the apex bank under its former governor, Godwin Emefiele.
recalls that the Debt Management Office on Friday said the total debt stocks of the federal government and the 36 states government increased to N97.341 trillion in the fourth quarter of 2023.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN clears $1.5bn outstanding fx transactions, eliminates legacy backlogThe Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled.
Read more »
CBN urged to strengthen monetary policy frameworkThe Central Bank of Nigeria (CBN) is urged to strengthen its monetary policy framework by resuming regular Monetary Policy Committee meetings to ensure financial market stability and boost investor confidence. It is argued that a unified and nationalistic approach is essential to halt the decline of the naira. Defending the naira is not just an economic concern, but a moral obligation for all citizens.
Read more »
CBN threatens sanctions over late filing of monthly returns“You are strongly advised to ensure timely rendition of all regulatory returns as future breaches shall be sanctioned,' the CBN said.
Read more »
Emefiele awarded contracts to wife, CBN official’s firms, investigator tells courtAn investigator, while testifying on Monday, told the trial court that Mr Emefiele's wife's firm started enjoying contract patronage from...
Read more »
Consider Foreign Loan to rescue Naira against USD – EIU tells CBN, TinubuEconomist Intelligence Unit, a global research firm, says President Bola Ahmed Tinubu's administration should consider foreign borrowing to rescue the Naira against the USD in the foreign exchange market. EIU made this known in its latest Country Report on Nigeria, which was released over the weekend.
Read more »
Naira crisis: Again, CBN increases customs duties exchange rateThe Central Bank of Nigeria, CBN, again increased the exchange rate for calculating Customs duties at the country's seaports by 1.9 per cent to N1.624.732 per US dollar amid the Naira crisis. Data on the official portal of the Nigeria Customs Service indicated that the rate was raised from N1,593.888 to N1.624.
Read more »