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Central Bank Of Nigeria

Past coverage Economy & Trade

Past coverage from 0 countries ยท Last active May 10, 2026

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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria/English

CBN urges states to curb reliance on short-term borrowing

- The Central Bank of Nigeria (CBN) has advised state governments to reduce their reliance on short-term borrowing and overdrafts. - The CBN warned that fiscal indiscipline at the state level could hinder the country's move towards an inflation-targeting monetary policy. - States are urged to improve fiscal discipline, ensure debt sustainability, enhance revenue forecasting, and prioritize expendiโ€ฆ