Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets
Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday.
It noted that lower oil prices...
Subsidy Overtakes Nigeria's Health, Education, Welfare Budgets
The World Bank says the cost of fuel subsidy in Nigeria has exceeded the government’s spending on health, education and social protection for Nigerians.
It therefore said that removing fuel subsidy would help the government towards its poverty reduction...
Present Your Budgets To N'Assembly, Reps Tell CBN, FIRS, Others
The House of Representatives has called on the Central Bank of Nigeria, Federal Inland Revenue Service and other statutory bodies of the Federal Government to emulate the Nigerian National Petroleum Corporation, by making their finances...
