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1 month after, BDC operators groan under CBN's forex policy

Aminu Gwadabe told Daily Trust that the decision to discontinue forex sales to BDC operators, by the CBN…
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Like GSM booths, POS shops create jobs, raise financial inclusion

Like GSM booths, POS shops create jobs, raise financial inclusion
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

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Amidst rising external loans: Buhari seeks debt relief for Nigeria, others

President Buhari on Tuesday wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion.
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Nigeria's debt stock to hit N34tr with new loans

He called for alternative means of generating revenues instead of the constant borrowing.
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Experts urge restraint on FG's currency printing, overdraft

By Chris Agabi, Francis A. Iloani (Abuja) & Sunday M. Ogwu (Lagos)
Experts have urged the federal government to exercise caution over the printing of the naira currency (Ways and Means) to fund its needs.
Edo state Governor, Godwin Obaseki, recently said the Central Bank of Nigeria (CBN) printed about N60 billion (Ways and Means) to augment the amount distributed to states in March 2021 by Federation Account Allocation Committee (FAAC).
Ways and Means (W&M) financing is basically the printing of money by the CBN to enable the FG to plug its budget deficit.
Since 2015, when President Muhammadu Buhari first assumed office, the total amount of money borrowed from the CBN (Ways and Means) to meet fiscal obligation has surged astronomically. ....

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