 In business news now, the International Monetary Fund IMF has cautioned the federal government to keep its borrowing from the central bank of Nigeria within legal limits. The IMF gave the caution in a statement issued at the end of its staff visits to Nigeria. The mission led by Mies Jasmin Rappman urged the authorities to keep reliance on CBN overdraft for deficit financing within legal limits. The IMF advised the government to moderate its borrowing from the CBN, as well as strengthen budget planning and public finance management practices, to allow for flexible financing from domestic markets and better integration of cash and debt management. While commanding the actions taken by the CBN to manage monetary issues, the IMF noted that the bank stressed tests poputed that the banking system would remain adequately capitalized except in case of a severe deterioration of credit quality. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.