FG Paid N4.12tn Between 2019 and 2022 on Loans

today01/09/2023 31

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The Federal Government has paid interests of N4.12tn between 2019 and 2022 on the loans it got from the Central Bank of Nigeria through Ways and Means Advances.

According to data the interest paid on the CBN loans was N339.45bn.

The interest payments rose to N912.57bn in 2020 and N1.22tn in 2021.

Written by: Helen Obih

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Brazil President Vows to Punish Supporters of Ex- leader

Brazil's President Luiz Silva has vowed to punish supporters of the country's ex-leader, Jair Bolsonaro, after they stormed Congress. Supporters of the ousted far-right leader also stormed the Supreme Court and surrounded the presidential palace. But police regained control of the buildings in the capital Brasilia on Sunday evening after hours of clashes. Pro-democracy rallies are being called by leftist leaders and groups across Brazil.

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