Senate approves bill to boost CBN's loans to FG The Senate on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government. The upper chamber of the Nigerian legislature raised the credit facility obtainable by the Federal Government from the apex bank from 5% to 10%. Known as the Ways and Means, the apex bank offers short-term financing to the Federal Government to cover its budget shortfalls. To do this, the Senate amended the CBN Act to increase...