Wednesday, September 19, 2018

Tag "Budget 2018"

    N2.2trn on debt service, fresh N1.6trn loan, rising oil dependence — 7 troubling facts about 2018 budget

N2.2trn on debt service, fresh N1.6trn loan, rising oil dependence — 7 troubling facts about 2018 budget

After six months in the 2018 fiscal year, President Muhammadu Buhari finally signed the 2018 budget of consolidation into law, thanks to a seven-month delay by the national assembly.The president revealed that the national assembly had inserted 6,403 new projects into arguably the last budget before the 2019 elections, while cutting down on some crucial projects.TheCable reviewed the key content [...]

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    VIDEO: The moment Buhari signed 2018 budget into law

VIDEO: The moment Buhari signed 2018 budget into law

President Muhammadu Buhari on Wednesday signed the 2018 budget into law at the presidential villa in Abuja.The national assembly had passed the budget in May, jerking it up from N8.6 trillion to N9.1 trillion.Below is a video of the president signing it:https://twitter.com/MBuhari/status/1009399027669045248 [...]

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    N1bn for clinic, N46m for generators, N24m for ranching… inside Aso Rock’s 2018 budget

N1bn for clinic, N46m for generators, N24m for ranching… inside Aso Rock’s 2018 budget

Aso Rock, Nigeria’s seat of power, will be getting at least N11.5 billion as its allocation in the 2018 budget.Of that amount, N45.68 million was budgeted for power plants and generator fuel. N45.54 million was budgeted for the same item in the 2017 budget, N140,000 lesser than that of this year.Also, a total of N1 billion was budgeted for the Aso [...]

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    Budget 2018: The good, the bad, and the logic of servicing debt with debt

Budget 2018: The good, the bad, and the logic of servicing debt with debt

On Tuesday, President Muhammadu Buhari presented his third national budget since he became president. It was reminiscent of his previous ones, but had very fine subtle messages for Nigerians, international spectators and investors.By this time in the life of the administration of President Goodluck Jonathan, his minister of finance, Ngozi Okonjo-Iweala had already taken over budget presentations. President Buhari is [...]

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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