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Farooq

Posts Tagged "budget"

HomePosts Tagged "budget"

By Camillus Eboh ABUJA, Dec 5 (Reuters) – Nigeria’s parliament passed the government’s 2018-20 spending framework on Tuesday, raising its oil price assumption to $47 from $45 per barrel. The document, which the government agreed on in August before sending it to lawmakers for approval, is the framework used to prepare the country’s budget. The […]

* Nigeria revises 2017 growth projection to 1.5 pct from 2.19 pct * Draft budget document sees oil production at 2.3 mbpd in 2018 * Document sees up to 30 pct of 2018 spending on capital projects * Raising taxes on luxury goods to 15 pct by 2018 being considered (Adds details, analyst comments, bullet […]

  • 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 […]

LAGOS, July 5 (Reuters) – Nigeria plans to raise between 360 billion naira and 450 billion naira ($1.18 bln-$1.48 bln) in sovereign bonds maturing between five and 20 years in the third quarter, the Debt Management Office (DMO) said on Wednesday. The debt office said it would auction 90-120 billion naira in the five-year note and […]

Ifeanyi Onuba, Abuja The  Minister of Budget and National Planning, Senator Udo Udoma, on Tuesday said the support of the National Assembly was vital to the successfully implementation of the Economic Recovery and Growth Plan. The ERGP, which was unveiled last week, is the government’s strategy that envisages that by 2020, Nigeria would have made […]

* Nigeria in roashow to sell $1 bln Eurobond * FX risk, oil production weigh on discussion – source * Bond likely to price above 7 pct yield this week (Adds source on roadshow meetings) By Camillus Eboh and Chijioke Ohuocha ABUJA/LAGOS, Feb 8 (Reuters) – Nigeria’s parliament has approved the government’s request to sell […]

Nigeria’s government says despite shrinking oil revenues, it was able to generate a total of N2.17trillion revenues as at end September 2016, representing 75 percent of total projections for this fiscal year. Releases so far for capital and recurrent expenditures presently amounts to N3.58trillion representing 79percent of the prorated figures in the budget. President Muhammadu […]

Nigerian President Muhammadu Buhari presented plans to lawmakers to boost the nation’s spending by 20 percent next year in a bid to revive an economy set for its first full-year contraction in more than two decades. Buhari asked lawmakers to allow the government to spend 7.3 trillion naira ($23 billion) in 2017, compared with this […]

By Paul Carsten and Ulf Laessing LAGOS Dec 14 (Reuters) – Nigeria’s President Muhammadu Buhari on Wednesday presented a record 7.298 trillion naira ($24 billion) budget for 2017 to lawmakers which is aimed at pulling Africa’s biggest economy out of its first recession in 25 years. The budget, which Buhari said marked an increase of […]

John Ameh and Olalekan Adetayo President Muhammadu Buhari will today (Wednesday) present the 2017 Appropriation Bill to a joint session of the National Assembly. The document will be the second one to be presented by the President after his inauguration in May 2015. Buhari, who will be accompanied by top government officials, is expected to […]