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Farooq

Posts Tagged "2017 budget"

HomePosts Tagged "2017 budget"

By Paul Carsten and Felix Onuah ABUJA, July 14 (Reuters) – Nigeria’s 2017 budget, signed into law by the acting president a month ago, has still not been finalised and is being amended due to disagreements between parliament and the presidency, two sources familiar with the matter said. Any delays to government spending could hobble […]

  • CBN

LAGOS, July 12 (Reuters) – Nigeria plans to issue 204.95 billion naira ($651.7 mln) in treasury bills at an auction on July 19, the central bank said. The bank aims to raise 36.78 billion naira in three-month bills, 39.17 billion naira in six-month paper and 129 billion naira in one-year bills. Nigeria’s central bank issues […]

Ifeanyi Onuba, Abuja The Federal Government is set to release the first tranche of capital release of N350bn to its Ministries, Departments and Agencies for implementation of the 2017 budget. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this on Monday in Abuja during the public presentation of the 2017 Federal Government budget. The event […]

By Felix Onuah ABUJA, June 12 (Reuters) – Nigeria’s acting president, Vice President Yemi Osinbajo, signed the 2017 budget into law on Monday, with Abuja planning record spending to pull Africa’s biggest economy out of recession. Lawmakers passed the record 7.44 trillion-naira ($23.6 billion) budget plan in May, which was bigger than the 7.298 trillion-naira […]

By Camillus Eboh and Felix Onuah ABUJA, June 9 (Reuters) – Nigeria’s presidency is expected to sign the 2017 budget into law next week, the speaker of the lower chamber of parliament said on Friday, in an effort to pull Africa’s biggest economy out of its first recession in 25 years. The OPEC member’s recession […]

By Camillus Eboh ABUJA May 31 (Reuters) – Nigeria’s presidency and lawmakers are still in talks over the record 7.44 trillion naira ($24.45 billion) budget for 2017, a government official said on Wednesday, nearly three weeks after the spending plans were passed by the Senate. The budget aims to drag the OPEC member, which has […]

By Felix Onuah ABUJA May 19 (Reuters) – Nigeria’s record 7.44 trillion naira ($23.62 billion) 2017 budget has been received by the presidency for it to be signed into law, a government official said on Friday. Ita Enang, senior special assistant to the president on Senate matters, said the spending plan, which is aimed at […]

By Camillus Eboh ABUJA May 12 (Reuters) – Nigeria’s parliament signed off on a record 7.44 trillion naira ($24.4 billion) budget for 2017 on Thursday, aiming to drag Africa’s biggest economy out of its first downturn in quarter of a century, lawmakers said. The oil producer is in its second year of recession, brought on […]

By Camillus Eboh ABUJA May 11 (Reuters) – Nigeria’s parliament signed off on a record 7.44 trillion naira ($24.4 billion) budget for 2017 on Thursday, aiming to drag Africa’s biggest economy out of its first downturn in quarter of a century, lawmakers said. The oil producer is in its second year of recession, brought on […]

Senate President Bukola Saraki says the senate will ensure the passage of the 2017 budget on Thursday. Saraki said this after the report of the budget was laid at plenary by Danjuma Goje, chairman of the joint committee on appropriation. Commending the committee for a “job well done”, Saraki said in the history of the […]