In Six Months, Nigeria’s Foreign Trade Hits N12.74trn   Nigeria’s import and export trade as of June 2023 stood at N12.74 trillion. This was contained in the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) prepared by the Budget Office of the Federation and...

Senate Passes 2021-2023 MTEF/FSP, Pegs Oil Benchmark At $40           The Senate on Thursday passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. It pegged oil benchmark at $40 and exchange rate at N379 per dollar. The MTEF/FSP is the fiscal document upon which the 2021...

National Assembly To Approve 2021 – 2023 MTEF/FSP Today       The Senate on Wednesday, stepped down consideration of the Conference Committee Report 2021 – 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The request to step down consideration of the 2021 – 2023 MTEF report till...

Banks, Telcos In Talks To Settle N17bn USSD Debt       Commercial banks and mobile network operators have commenced discussion on how the N17bn accumulated debt for Unstructured Supplementary Service Data access will be paid. Findings showed the two parties would reach an agreement on modalities for payment...

Senate To Buhari: Scrap Redundant Federal Agencies       The Senate on Wednesday urged the Federal Government to reduce the number of its agencies in order to reduce cost of governance. The red chamber took the decision following the approval of the report of its joint committee on...

Senate Seeks Reduction In Borrowing       The Senate on Wednesday said the country should seek alternative sources of funding the budget in order to reduce borrowing. The upper chamber said although borrowing is not entirely bad, the country must seek ways and means to develop alternative funding...