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FG Seeks N1trn Cash Advance from CBN

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FG Seeks N1trn Cash Advance from CBN

On Wednesday, President Muhammadu Buhari requested that the Senate evaluate and approve the Central Bank of Nigeria’s advance of N1 trillion to the Federal Government (CBN). A cash advance is essentially a short-term loan, often borrowed from a credit card issuer. The President also requested that the Senate pass the extra appropriations measure for 2022,
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