The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to provide bank gurantees to Nigeria Bulk Electricity Trading (NBET) and Transmission Company of Nigeria (TCN) on behalf of Distribution Companies (DISCos). The CBN gave the directive in a letter written to DMBs obtained by the News Agency of Nigeria (NAN) in Abuja […]
Federal Government Deducts Over N415bn from State Allocations to Service External Loans According to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of Statistics, the Federal Government has deducted over N415 billion from state government allocations to service their external loans. These deductions occurred between 2019 and 2023 from […]
