• About us
  • Advertise with us
  • Privacy Policy
  • Contact us
Friday, September 19, 2025
  • Login
Envision Nigeria
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

    Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

    OAGF tasks stakeholders on fact-checking before public comments

    OAGF tasks stakeholders on fact-checking before public comments

    China’s Economic Slowdown Deepens, Official Data Show

    China’s Economic Slowdown Deepens, Official Data Show

    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

    N138m fraud rocks ASUU in Unical

    N138m fraud rocks ASUU in Unical

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

    U20 World Cup:Flying Eagles to test World Cup readiness with Chile friendly

    U20 World Cup:Flying Eagles to test World Cup readiness with Chile friendly

    GB back in Davis Cup, set eyes on the 2026 title

    GB back in Davis Cup, set eyes on the 2026 title

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

  • World News
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    FG unveils genomic strategy, prepares for AMR 2026

    FG unveils genomic strategy, prepares for AMR 2026

    How malaria affects human development

    How malaria affects human development

    Steps towards a successful career in events planning without breaking the bank

    Steps towards a successful career in events planning without breaking the bank

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    Benefits of gloves, spiritually 

    Benefits of gloves, spiritually 

    What age difference is ideal between husband and wife?

    What age difference is ideal between husband and wife?

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

    Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

    OAGF tasks stakeholders on fact-checking before public comments

    OAGF tasks stakeholders on fact-checking before public comments

    China’s Economic Slowdown Deepens, Official Data Show

    China’s Economic Slowdown Deepens, Official Data Show

    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

    N138m fraud rocks ASUU in Unical

    N138m fraud rocks ASUU in Unical

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

    U20 World Cup:Flying Eagles to test World Cup readiness with Chile friendly

    U20 World Cup:Flying Eagles to test World Cup readiness with Chile friendly

    GB back in Davis Cup, set eyes on the 2026 title

    GB back in Davis Cup, set eyes on the 2026 title

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

  • World News
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    FG unveils genomic strategy, prepares for AMR 2026

    FG unveils genomic strategy, prepares for AMR 2026

    How malaria affects human development

    How malaria affects human development

    Steps towards a successful career in events planning without breaking the bank

    Steps towards a successful career in events planning without breaking the bank

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    Benefits of gloves, spiritually 

    Benefits of gloves, spiritually 

    What age difference is ideal between husband and wife?

    What age difference is ideal between husband and wife?

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
Envision Nigeria
No Result
View All Result
Home News Business

CBN’ll no longer give Ways and Means to FG -Cardoso

Ademola Damilola by Ademola Damilola
February 9, 2024
in Business, News
0
Notify customers before debt recovery moves, CBN tells banks
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the CBN will no longer provide Ways and Means to the Federal Government until the previous loans are repaid. This decision is part of the measures taken by the CBN to address the economic challenges facing the country. Ways and Means is the money that the CBN lends to the Federal Government temporarily to support spending until revenue is generated.

Cardoso, during a meeting with the Senate Committees on Finance, Appropriations, Banking, Insurance, and Other Financial Institutions, stated that the discontinuation of Ways and Means advances is in compliance with Section 38 of the CBN Act (2007). The CBN is no longer allowed to grant further Ways and Means advances until the outstanding balance as of December 31, 2023, is fully settled.

The CBN governor emphasized that the central bank has responded with significant monetary policy tightening to curb inflationary pressure. Measures include discontinuing Ways and Means advances and halting quasi-fiscal measures by the CBN that contributed to excess liquidity and inflation. Cardoso noted that these measures are already yielding results, with significant interest from Foreign Portfolio Investors supplying much-needed foreign exchange to the economy.

Additionally, Cardoso addressed the free fall of the Naira, urging Nigerians to reduce their demand for dollars and foreign goods. He emphasized that without moderation in the demand for USD, the CBN cannot stabilize the Naira quickly. The CBN governor highlighted ongoing efforts to enhance liquidity in the foreign exchange markets and stabilize the exchange rate.

The CBN’s efforts are part of an inflation-targeting policy aiming to rein in inflation to 21.4 percent in the medium term, aided by improved agricultural productivity and eased global supply chain pressures. The Senate Committees raised questions about the $3.3 billion loan to rescue the Naira and sought clarification on measures to support key sectors like agriculture and manufacturing. The economic team, including the CBN governor, Ministers of Finance, Budget and National Planning, and Agriculture, provided insights into the current economic situation and strategies for improvement.

Previous Post

Akwa Ibom court orders man’s arrest over refusal to care for children

Next Post

NANS begs NLC, TUC to shelve planned strike

Ademola Damilola

Ademola Damilola

Next Post
NANS begs NLC, TUC to shelve planned strike

NANS begs NLC, TUC to shelve planned strike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
FG commences electronic verification for military veterans February 19

FG commences electronic verification for military veterans February 19

February 15, 2024
Fr Ogunyemi charges Catholic women to go MAD

Fr Ogunyemi charges Catholic women to go MAD

February 20, 2024
BREAKING: FCT Minister’s residence gutted by Fire

BREAKING: FCT Minister’s residence gutted by Fire

February 25, 2024
Dr Patrick Tyodzer Pillah: A Scholar Shaping Public Policy, Governance, and Environmental Management in Nigeria

Dr Patrick Tyodzer Pillah: A Scholar Shaping Public Policy, Governance, and Environmental Management in Nigeria

February 11, 2025
Culture making Africans intolerant of blessings for same-sex couples – Pope

Culture making Africans intolerant of blessings for same-sex couples – Pope

1
CBN lacks power to receive NNPCL crude sales – Atiku

CBN lacks power to receive NNPCL crude sales – Atiku

1
Soldier questions non-recognition as Tinubu lavishes gifts on Super Eagles

Soldier questions non-recognition as Tinubu lavishes gifts on Super Eagles

1
Fr Ogunyemi charges Catholic women to go MAD

Fr Ogunyemi charges Catholic women to go MAD

1
Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

September 17, 2025
Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

September 17, 2025
OAGF tasks stakeholders on fact-checking before public comments

OAGF tasks stakeholders on fact-checking before public comments

September 17, 2025
China’s Economic Slowdown Deepens, Official Data Show

China’s Economic Slowdown Deepens, Official Data Show

September 16, 2025

Recent News

Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

September 17, 2025
Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

September 17, 2025
OAGF tasks stakeholders on fact-checking before public comments

OAGF tasks stakeholders on fact-checking before public comments

September 17, 2025
China’s Economic Slowdown Deepens, Official Data Show

China’s Economic Slowdown Deepens, Official Data Show

September 16, 2025
Envision Nigeria

Envisionnigeria. com.ng is an on-line publication established to give expression to Article 19 of the Universal Declaration of Human Right. It is an apolitical community of Journalist and Global citizens committed to making the World a better place.

Follow Us

Browse by Category

  • Apps
  • Business
  • Crime
  • Culture
  • Education
  • Entertainment
  • Evironment
  • Fashion
  • Feature
  • Food
  • Foreign News
  • Gadget
  • Gaming
  • Health
  • In the News
  • Interview
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Politics
  • Review
  • Science
  • Sports
  • Startup
  • Tech
  • Travel
  • World

Recent News

Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

September 17, 2025
Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

September 17, 2025
  • About us
  • Advertise with us
  • Privacy Policy
  • Contact us

© 2024 Envision Nigeria Publications & Communication Limited

No Result
View All Result

© 2024 Envision Nigeria Publications & Communication Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In