Tuesday, September 25, 2018

Tag "Oil Revenue"

    Ghana tipped to become world’s fastest-growing economy

Ghana tipped to become world’s fastest-growing economy

Ghana is poised to become the fastest growing economy in the world with the recent boost in the nation’s oil revenue.According to a New York Times report, the country is set to outpace both India with its “booming tech sector” and Ethiopia’s agriculture and coffee export-driven growth.Ghana’s bright fortunes are hinged on its increased crude oil production and rises prices [...]

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    NNPC ‘exceeds’ 2017 revenue benchmark — despite falling short of first half projections

NNPC ‘exceeds’ 2017 revenue benchmark — despite falling short of first half projections

The Nigerian National Petroleum Corporation (NNPC) says oil revenue has exceeded 2017 projections by 18 percent despite a shortfall of nine percent recorded between January and June.According to a statement by the corporation, Bala Wunti, group general manager, corporate planning and strategy, made this known during a presentation to the house of representatives joint committee on 2018-2020 medium term expenditure framework (MTEF) and [...]

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    ANALYSIS: Non-oil revenue could surpass petrodollars in 2018 — first time since 1973

ANALYSIS: Non-oil revenue could surpass petrodollars in 2018 — first time since 1973

Nigeria's dependence on oil revenue to fund its budget may finally be coming to an end as the federal government expects to earn nearly 63% of its income from non-oil sources in 2018.However, with the prices of crude oil on the rise -- now above $60 a barrel -- strict discipline in managing the excess revenue will play a key [...]

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    How FG plans to fund N3.52trn deficit in 2018 budget

How FG plans to fund N3.52trn deficit in 2018 budget

The federal government plans to finance the N3.52 trillion deficit in the 2018 budget with revenue from crude oil sales and non-oil sources.According to the medium term expenditure framework (MTEF) and fiscal strategy paper (FSP), 43.2 percent of funds are projected to come from oil revenue, while 56.8 percent is to be earned from non-oil sources.Data from the MTEF and [...]

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Exchange Rates

September 24, 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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