Mixed Feelings Trail Nigeria's Oil Price Benchmark
The government appears jittery over the insistence of lawmakers on the U.S.$80 per barrel oil price benchmark and, against its proposal, settle for U.S.$75 per barrel.
Budget 2013
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Nigeria:
Oil Price Benchmark - Okonjo-Iweala Begs National-Assembly to Approve U.S.$75
Vanguard, 15 October 2012
The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has urged the National Assembly to see reason with the executive and allow the $75 per… Read more »
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Nigeria:
Oil Benchmark - Okonjo-Iweala, Sanusi Insist On U.S.$75 Per Barrel
Leadership, 15 October 2012
The Minister of Finance, Dr Ngozi Okonjo-Iweala, yesterday in Tokyo reiterated the need to retain $75 as the reference price of a barrel of oil in executing the 2013 budget. Read more »
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Nigeria:
House, Executive Set to Fight Over U.S.$80 Benchmark
This Day, 15 October 2012
The House of Representatives and the executive yesterday maintained their positions on the appropriate oil benchmark for the 2013 Budget, setting a stage for a fierce battle… Read more »
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Nigeria:
U.S.$80 Oil Benchmark Over Optimistic, Okonjo-Iweala Says
Daily Trust, 15 October 2012
The $80 per barrel oil benchmark proposed by the National Assembly for the 2013 federal budget is over optimistic and can lead to inflation, Finance minister Ngozi Okonjo-Iweala… Read more »
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Nigeria:
Budget - Sanusi, Okonjo-Iweala Insists On U.S.$75 Oil Price Benchmark
Vanguard, 14 October 2012
The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Sunday in Tokyo reiterated the need to retain 75 dollars as the reference price of a barrel of oil in executing the 2013 budget. Read more »
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Nigeria:
Budget 2013 - Much Ado About Oil Benchmark
This Day, 14 October 2012
For the first time in more than a decade of our democracy, the federal budget has been laid before the parliament three months to the end of a running fiscal year. However, this… Read more »