Fed Govt Probes N14bn Allocated To NSEZCO In Budget   The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has clarified that the N14 billion budgeted for the Nigeria Special Economic Zones Company (NSEZCO) is been investigated as the said money appropriated for the...

Budget Threatened As Oil Price Sinks To $56   The international oil benchmark, Brent crude, tumbled on Wednesday to $56 per barrel, its lowest level in seven years as the United States-China trade war worries gripped the market. The decline in oil price imposes a serious threat...

Execution Of N8.916trn Budget Already Under Threat Barely two weeks after the National Assembly passed the N8.916 trillion budget for 2019, the implementation of the financial plan is already being threatened by the spate of vandalism of oil pipelines across the country. Nigeria has set oil...

FG To Reverse Budget Benchmark If Oil Price Drops Below $60/Barrel The Federal Government will be forced to reconsider its oil price benchmark for the 2019 budget estimates if the global oil price drops below $60 per barrel, analysts at FSDH Research have said. The head...

FG Approves $2.9bn Eurobond Issuance To Fund Budget The Federal Executive Council on Wednesday approved the issuance of $2.9bn and other securities in Eurobond from the international capital market. The Minister of Finance, Zainab Ahmed, disclosed this to State House correspondents at the end of the...

Budget: Buhari Seeks NASS Approval For $2.78bn Euro Bonds   President Muhammadu Buhari has requested a National Assembly resolution to raise 2.78 billion dollars from the International Capital Market for part-funding of the 2018 budget. Buhari’s request came in a letter dated July 23, and read by...