June 14, 2025
Lagos, Nigeria

CBN

Behind the State Blog CBN
Economy

CBN cuts FG Loans by ₦4.1tn

The Central Bank of Nigeria (CBN) has significantly reduced its loan exposure to the Federal Government by over ₦4 trillion in 2024, marking a major shift in its monetary policy stance. This development reflects the apex bank’s commitment to restoring fiscal discipline and reducing its direct financing of government deficits. According to the CBN’s audited

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Economy

Supreme Court Halts Financial Allocations to Rivers State Government

The Supreme Court has ordered the Central Bank of Nigeria (CBN) and the Accountant General of the Federation to immediately cease further disbursement of financial allocations to the Rivers State Government. In a ruling delivered on Friday by Justice Emmanuel Akomaye Agim, the apex court stated that the order would remain in force until Governor

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