Oil reversed earlier losses on Wednesday as investors took heart from strict OPEC compliance with its pledge to cut output.
The Organisation of the Petroleum Exporting Countries reduced its oil output for a second month in February, a media survey found, showing the exporter group has boosted...
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The Federal Government has assured Nigerians that the 2017 budget is devoid of "padding."
There was a major crisis last year when it was discovered that the nation's budget was padded by lawmakers.
Speaking on Thursday, Director General, Budget Office of the Federation, Ben Akabueze, stated...
Nigeria's Acting President Yemi Osinbajo on Thursday evening met principal officers of the National Assembly for about an hour to discuss the 2017 budget so that it can be speedily passed.
Senate President Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara were present...
The Senator representing Bayelsa east, Ben Bruce Murray has expressed dissatisfaction over the N40 million designated in the 2017 national budget for the feeding of wild animals in the presidential villa.
The senator via his twitter handle last night said: "It breaks my heart that at a time...
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The House of Representatives Committee on Telecommunications on Thursday was shocked about the finances of Ministry of Communications and threw out the N6.97 billion 2017 budget proposal.
The rejection followed the ministry’s failure to provide satisfactory details of the 2016 budget...
The Senate Committee on Housing and Urban Development has alleged the presence of a strange vote to the tune of 2 Billion naira in one of the estimates for the Ministry of Housing.
According to PUNCH reports, indications emerged that the budget padding mess which occurred in the 2016 budget is...
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The Nigerian Prisons Service (NPS) said it has obtained waiver from the Federal Government to employ 6,545 staff members in different cadre of the service.
Comptroller General (CG), NPS, Jaffaru Ahmed, made the disclosure on Monday in Abuja during the 2017 budget defence in the House of...
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Ekiti state Governor Ayodele Fayose on Monday reported President Muhammadu Buhari-led federal government to south-west governors for what he called the paltry sums allocated to Ekiti and other south-western states in the 2017 N7trillion budget.
The governor said his brother governors in the...
National Assembly has started 3-day public hearing of the 2017 Budget.
The hearing, organized by the Joint Committees of Appropriations is the first public hearing on the Budget that brings together all stakeholders involved in the budget process.
See photos:
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The Acting President, Prof. Yemi Osinbajo on Monday met with the leadership of the National Assembly at the Presidential Villa in Abuja.
The meeting was graced by Speaker of the House, Rt. Hon. Yakubu Dogara, Senate Leader, Ahmed Lawan was organised as a proactive measure of ensuring easy...
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BudgIT, a civic organisation driven to make the Nigerian budget and public data more understandable and accessible across every literacy span has listed some frivolous and suspicious items in the 2017 budget submitted by President Muhammadu Buhari-led federal government.
The document prepared...
BudgIT, a civic organisation driven to make the Nigerian budget and public data more understandable and accessible across every literacy span has listed about seventeen frivolous and suspicious items in the 2017 budget submitted by President Muhammadu Buhari-led federal government.
When...
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Senate President Bukola Saraki on Thursday reshuffled committees, shortly before adjourning plenary til February 21.
The Senate also adjourned plenary till February 21, 2017 to make room for its 68 committees to work on 2017 Budget defence exercise.
The reshuffled committees are:
Ali Ndume...
Nigerian Senate on Thursday passed 2017 budget for second reading.
Senate President, Bukola Saraki referred it to the Appropriations committee and other sub committees.
Details later...
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Omoyele Omogunwa, Senator representing Ondo South today called for the legalisation of corruption in the country.
The Senator made the call during the debate on the 2017 budget. He said if corruption was legalised, Nigerians who stole public funds would use them in building factories and...
Deputy Senate President, Ike Ekweremadu today congratulated his colleagues on the handling of the 2017 budget.
Speaking during the budget debate on the floor of the Senate, Ekweremadu said, ''We have started well, no missing 2017 Budget, all information produced, improvement arising from...
The Senate on Tuesday made some commentaries on the 2017 appropriation bill presented by President Mohammadu Buhari. Prominent among which are:
1. Senator Utazi says N140bn is too much for the defence, says such an amount should go into job creation and youth empowerment.
Sen. Utazi says the...
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Senator Enyinnaya Abaribe representing Abia-South Senatorial District in his contribution to the 2017 Budget debate says the more things change the more they remain the same.
He described the budget as an outrageous.
"We are nation that jokes a lot, we are going in the wrong direction...
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Nigerian Senate will today commence the debate on the general principle of the 2017 budget.
Chairman of the Senate Committee on Rules and Business, Senator Baba Kaka Bashir Garbai has said.
President Muhammadu Buhari had presented the budget to the joint session of the National Assembly in...
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The Federal Government plans to spend N915m on counterpart funding for the procurement of contraceptive commodities this year.
The budget for the national distribution of the commodities is also included in the allocation.
The sum is part of the total sum of N31.bn allocated to the Federal...
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