Category: Economy

Senate jacks up 2018 budget by over N500bn

The Nigerian Senate Committee on Appropriation has increased the 2018 budget from N8.612 trillion to N9.120 trillion, a difference if N502 billion from the figure presented by President Muhammadu Buhari. The Chairman of the Senate…

IMF reverses oil prices downward

Hopes of the Organisation of Petroleum Exporting Countries (OPEC) ever witnessing an oil price of $100 per barrels has been dimmed by the latest forecast from the International Monetary Fund (IMF), which expects crude oil…

OSHA passes N179.2bn budget for 2018

The Osun House of Assembly has passed the 2018 appropriation bill of N179.2 billion. The budget has N92.6 billion as capital expenditure, representing 51.1 per cent and N86.6 billion as recurrent expenditure, which represents 48.9 per…

Nigeria’s borrowings rise by N4.365 trillion

The Debt Management Office (DMO) says the country’s public debt portfolio has jumped by  N4.365 trillion to N21.725 trillion in 2017. The Director-General of DMO, Ms Patience Oniha, announced this at a press conference on Wednesday in…

OSGS earmarks another N821m loans for small entreprenours

Osun State Government will soon give out another round of soft loans totalling N821.34 million to 24,850 people comprising traders, artisans and business owners towards boosting entrepreneurial activities. The State Commissioner for Commerce, Industry and Cooperatives, Mr Ismail…