Central Bank of Nigeria (CBN) don talk say dem Ways and Means Advances to federal government go still remain for 5% limit for di 2024-2025 fiscal years. According to di Monetary, Credit, Foreign Trade and Exchange Policy Guidelines wey CBN release yesterday, dem fit give federal government up to 5% of di money wey dem collect for revenue for di previous year, but di government go must pay am back before di year end to avoid long-term wahala for finances.
CBN still yarn say, under di Treasury Single Account arrangement, di advances go dey determined by di sub-accounts wey dey linked to di Consolidated Revenue Fund, wey different Ministries, Departments, and Agencies get.
Meanwhile, di Presidency don dismiss one viral report wey talk say President Bola Tinubu don ask CBN Governor, Olayemi Cardoso, to resign, call am fake news.
READ MORE RECENT NEWS HERE https://naija102.com/nigerias-inflation-rate-don-drop-to-32-15-for-august/
