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...

Dollar Rates: Nigeria Records Zero Rise In Budget, Capital Spending In 10 Yrs – Data   In terms of the foreign exchange (forex) rates in the United States dollars equivalent, Nigeria may not have increased its budgetary and capital spending in the last 10 years, data...

Signed Budget Fails To Lift Stock Market The nation’s stock market closed on a negative note for the fifth straight session on Thursday, a day after President Muhammadu Buhari signed the 2018 budget. The All-Share Index of the Nigerian Stock Exchange dropped by 1.17 per cent...

FG, States Spent 1.8% Of N44tr Budgets On Agric In 3 Years   The federal and state governments have budgeted less than two percent of their total vote of N44 trillion for agriculture in the last three years, according to an investigation by Daily Trust using...