March 23, 2016/Cordros 2016 Budget Passed by the Senate MTEF 2016 Variation Debt service (N’ trn) 1.48 1.48 0% Statutory transfers (N’bn) 351.4 351.4 0% Capital expenditure (N’ trn) 1.59 1.86 -15% Budget deficit/GDP (%) 2.14 2.2 -6bps Exchange Rate (NGN/US$) 197 197 0% Benchmark oil price (US$) 38 38 […]
Tag: House of Senate
Nigeria’s parliament to start debating petroleum bill next week -Senate
March 21, 2016/Reuters Nigeria’s Senate president said on Monday that the country’s parliament would start debating next week an amended Petroleum Industry Bill (PIB), a much-delayed plan to overhaul the vital energy sector hit by graft and mismanagement. President Muhammadu Buhari has made it a priority to get approval for […]
