All posts tagged "Oil benchmark"

• 
  $79 for Oil Benchmark Approved By National Assembly

  In its outlook for the 2013 budget year, the National Assembly has adopted the benchmark of $79 as the oil benchmark for the period 2013-2015 Medium Term Expenditure Framework (MTEF) and fiscal strategy paper. The House of...

  • Posted December 19, 2012
  • 0
• 
  CBN Cautions National Assembly on Oil Benchmark Increase, Retains Interest Rate At 12%

  The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday advised the National Assembly not to increase the 2013 budget oil benchmark from $75 to $80 per barrel. The CBN Governor, Mr. Lamido Sanusi said,...

  • Posted November 21, 2012
  • 0
• 
  Oil Benchmark – House of Reps vs Okojo Iweala: Who Holds the Superior Arguement?

  The Appropriation Bill President Goodluck Jonathan submitted to the National Assembly last Wednesday quoted $75 as the Benchmark, while the house has insisted on $80 oil benchmark.   The executive have warned that anything above $75 would...

  • Posted October 16, 2012
  • 3
• 
  Oil Benchmark: “Adopt $80 or Resign” – Lawmakers to Okonjo Iweala

    Nigeria’s lawmakers, despite having no valid economic principles on which to base the call for the hike in the oil benchmark in the 2013 budget, have asked the Finance Minister and by extension the Presidency not...

  • Posted October 16, 2012
  • 2