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Nigeria’s public debt hits N44trn

…spends N1.17trn on debt service By Elizabeth Adegbesan Nigeria’s public debt reached N44.6 trillion in the third quarter of this year (Q3 in 2022). This represents a 2.9 per cent quarter-on-quarter decline when compared to N42.84 trillion recorded in Q2 in 2022. The Debt Management Office, DMO,  disclosed this today in a press statement on […]

CBN may ‘tweak’ new cash withdrawal limits, says Emefiele

Bank customers deposit over N1trn old notes By Babajide Komolafe, Economy Editor & Johnbosco   Agbakwuru ABUJA-Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, yesterday, said that the apex bank would consider tweaking the new weekly cash withdrawal limits of N100,000 and N500,000 for individuals and corporate bank customers. Emefiele, who addressed State House correspondents after […]

We won’t be rigid on cash withdrawal limit — Emefiele

 … says President told him to carry on without fear  …CBN has taken over N500bn old notes into vaults By Johnbosco Agbakwuru, Abuja Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, on Thursday, said that the recently-introduced policy on cash withdrawal limit was not meant to hurt anybody but to strengthen the nation’s […]

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