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The Nigeria’s Federal Ministry of Industry, Trade and Investment is allocated N51 billion fo capital projects in the 2021 fiscal year, President Muhammadu Buhari on Thursday told a joint session of the National Assembly in Abuja. Other key capital spending allocations in the 2021 Budget include Power: N198 billion (inclusive …

Nigeria’s President Muhammadu Buhari Thursday presented the 2021 budget to a joint session of the legislatures in Abuja.The budget amounts to N13.08 trillion is anchored on oil benchmark price of $40 per barrel with recurrent expenditure of N5.65 trillion, personnel cost of N3.76 trillion and Debt Service of N3.12 trillion. …

Oil prices rose Thursday as Hurricane Delta approached the US Gulf of Mexico, with oil producers evacuating their rigs and halting nearly 1.5 million barrels per day of oil output. Meantime, in a series of tweets, President Donald Trump urged Congress to pass a series of smaller, standalone bills after …