Business Nigeria: Reps Disagree With Senators Over 2015 Oil Benchmark

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Nigeria: The House of Representatives, on Wednesday, according to Tribune have disagreed with the Senate over the proposed $52 benchmark for crude oil in the 2015 fiscal year budget.

The Senate had approved $52 per barrel as oil benchmark price for the N4.3 trillion 2015 budget.

However, the lawmakers at a closed door session settled for between $54 and $55 per barrel of crude oil, as against the $52 agreed to by the Senate.

The new figure is expected to be debated today against the backdrop of crash in crude oil price at the international market.

#Nigeria #Reps #Senators

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