Senate approves restructuring of N22.7 trillion loans to PMB The Senate has approved President Muhammadu Buhari's request to restructure the N22.7 trillion loans extended to the federal government by the Central Bank of Nigeria (CBN) under the Ways and Means provision. This provision allows the government to borrow from the apex bank in case of short-term or emergency finance needs to fund delayed government expected cash receipts of fiscal deficits. As a result of the significant shortfall in revenue, the government has relied heavily on the central bank to finance its expenditure...