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States owe CBN N1.24trn as FAAC disappoints

By
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On 26th July 2022
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At 4:26 am
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In Business
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CBN

Amid the decline in the revenues disbursed to them by the Federal Accounts Allocation Committee (FAAC) in recent months, the total debt owed by states to the Central Bank of Nigeria (CBN) has increased to N1.24 trillion. In November last year, President Muhammadu Buhari approved a N656 billion bridge financing facility to the 36 states […]

read more States owe CBN N1.24trn as FAAC disappoints

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