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...

Budget: FG To Retain $30 Benchmark Despite Oil Price Drop   The Federal Government is not considering tinkering with the $30 per barrel oil price benchmark for the 2020 budget despite the drop in crude oil price, investigations have revealed. Crude oil prices had dropped from about...

FG Slashes Budget, Sends To National Assembly For Review   The Federal Government has revised downward the revenue projection for the 2020 budget by N3.3tn from the initial approved amount of N8.41tn to N5.08tn. The revised revenue projection is contained in a proposal sent to the National...

FG Slashes Budget By N1.5trn, Reduces Benchmark To $30   The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Included in the N1.5tn is over N457bn the government...