$70 Oil Price Required To Sustain Budget – Fed Govt       The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per barrel and a production of two million barrels per day to sustain its budget. Sylva said...

Senate Okays N168.8bn Budget For FIRS   The Senate, on Wednesday, approved N168.8 billion budget for the Federal Inland Revenue Service (FIRS) for the 2020 fiscal year. The upper chamber also approved a one-off N100bn special-purpose intervention fund for the agency’s key capital projects. Specifically, the fund is...

Why Budget Increased Despite Dropping Revenues – Presidency   The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar El-Yakub, has said the decision of the Presidency to increase the budget despite drop in revenue was meant to mitigate the impact...

Lawmakers Approve N168.809bn Budget For FIRS     The House of Representatives has approved the sum of N168.809 billion for the Federal Inland Revenue Service for the 2020 fiscal year. This followed the receipt and adoption of a report by the House Committee on Finance during plenary on...

Oil Revenue May Drop Further To 25% Of Budget     With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed, operators have noted revenue from...

Budget: FG Cuts Oil Benchmark Further To $20   The Federal Government on Tuesday revealed plans to cut the oil price benchmark for the current budget to $20 per barrel. The development would make it the second time the Federal Government is slashing the oil benchmark for...