2017 budget

Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production would drain a global supply glut. The deal to cut production kicked in on Sunday. The rise in oil prices continued to favour President Muhammadu Buhari's...

The Nigerian Senate is making moves to get hold of 2.5 per cent of the Nation's annual budget. According to The Guardian, the lawmakers have started a move to create a Constituency Development Fund which will be legally backed by a new legislation, tagged “Constituency Development Fund Bill...

The President of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has hailed the newly proposed abolition of the parallel market. “The scrapping of multiple markets outside the purview of the CBN will be a welcome development. “The existence of multiple rates is highly...

A breakdown of Ministry of Information and Culture allocations in the 2017 budget shows that foreign media Public relations and town hall meetings introduced by the Minister of Information, Alhaji Lai Mohammed will gulp about N370 million. A further checked by Nigerian Bulletin revealed that...

The Presidency is going to fund the 2017 budget with N289bn recovered from treasury looters, Sahara Reporters says. Budget Office Director-General Ben Akabueze, while speaking with newsmen said: “A total of N288.6 billion. This includes N97.6 billion, which is equivalent of $220 expected from...

Global crude oil price is favouring President Muhammadu Buhari's 2017 appropriation estimates. President Buhari, last Wednesday presented the 2017 appropriation bill to a joint session of the National Assembly with 42.5 dollar per barrel. The budget proposal is 7.298trillion which represents a...

President Muhammadu Buhari on Wednesday, 14 December, 2016 in Abuja presented a budget of N7.30tn for 2017 before a joint session of the National Assembly. The president said that N2.24tn, representing 30.7 per cent of the 2017 budget, would be committed to capital expenditure aimed at pulling...

The Nigerian naira on Thursday remained steady at both inter-bank and parallel markets against the United States dollar. The currency closed flat at N305 per dollar at the inter-bank rate same as the official peg rate in the 2017 budget of growth and recovery submitted by President Muhammadu...

Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly. The budget proposal is 7.298trillion which represents a total of 20.4% increase over the 2016 estimate. The president during the budget presentation said the nation will...

President Muhammadu Buhari on Wednesday presented a proposed N7.298tn budget for the 2017. The Budget Sizeis N7.298tn (20.4% higher) while the federal government will borrow N2.36 trillion, representing N1.067 trillion from Foreign organizations and N1.25 trillion from domestic borrowings.

Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly. Budget Size: N7.298tn (20.4% higher) Borrowing of N2.36tn: N1.067tn (Foreign) N1.25tn (Domestic) Here are the breakdown of the budget: Oil : N1.985tn Non-oil...

Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly. The budget proposal is 7.298trillion which represents a total of 20.4% increase over the 2016 estimate. The president during the budget presentation said the nation...

Nigeria’s President, Muhammadu Buhari is currently presenting the 2017 appropriation bill to a joint session of the National Assembly. LIVE:

Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly today. 1:58pm: The President arrived at the National Assembly and was received by the Senate President, Bukola Saraki; and the Speaker, Yakubu Dogara, when he entered the...

The complex of the National Assembly On Wednesday shut by security operatives as the three entry gates to the legislative chamber becomes an Herculean task for members of staff. This is coming as a result of President Muhammadu Buhari’s anticipated visit to the National Assembly to present the...

President Muhammadu Buhari will present the 2017 Appropriation Bill to a joint session of the National Assembly by 2p.m today, Nigerian Bulletin gathered. Mr. Buhari will be accompanied to the National Assembly by top federal government functionaries to lay the document which will be the second...

President Muhammadu Buhari has requested the National Assembly's permission to present 2017 budget on Wednesday December 14, 2016. Senate President Bukola Saraki read the executive communication from President Buhari at Tuesday's plenary.

All Progressives Congress, APC national chairman of the party, Chief John Odigie-Oyegun, has fixed a meeting with Senate President, Dr Bukola Saraki, and caucus of the upper chambers in the party. According to Vanguard, Oyegun will also meet with the Speaker, House of Representatives, Yakubu...

President Muhammadu Buhari and Senate President Bukola Saraki met on Thursday behind closed-doors at the Aso Rock Presidential Villa in Abuja over the 2017 budget proposal. Saraki, told Statehouse reporters after the meeting that the 2017 budget document would be presented within the next 10...

President Muhammadu Buhari and Senate President Bukola Saraki are currently meeting at the Aso Rock Presidential Villa in Abuja. The Senate president arrived the president's office at exactly 2.00pm. The meeting may not be unconnected with the 2017 budget proposal which the Federal...