CBN earns N3.1bn interest on FG’s ways and means

The Central Bank of Nigeria earned N3.1bn as interest on the Federal Government’s overdraft facility in 2024, down sharply from the N1.6tn it earned in 2023, figures from the apex bank’s audited financial statements have shown. The interest income, categorised under “loans and receivables” in the CBN’s 2024 financials, is tied to the controversial Ways [...]The post CBN earns N3.1bn interest on FG’s ways and means appeared first on The Abuja Inquirer.

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