- XRP Price Edges Higher as Investors Rack Up Spot ETFs
- GCR Upgrades Tangerine Life Insurance Financial Strength Rating to A
- Naira Gains Value as Nigeria’s Foreign Reserves Reach $53.3bn
- Tinubu Orders Forensic Audit of IPPIS, Federal Agencies
- Ethereum Down 2% on Hawkish Pivot by Fed Chair Kevin Warsh
- Pi Network Gains Ahead of Protocol 27 Mainnet Upgrade
- Oil Prices Decrease 5% over 5 Days as Supply Risk Eases
- NVIDIA Tokenised bStocks Dips Amidst Broader Market Pullback
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
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Lawmakers Approve Expenditure Framework, Oil Benchmark at $57 The Nigerian lawmakers have approved the 2022-2024 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), just as it pegged the oil price benchmark for the fiscal spending plan for the period at $57 per barrel. This followed the presentation and consideration of the report of the Senate Committee on Finance; National Planning; Foreign and Local Debts; Banking Insurance and other Financial Institutions; Petroleum Resources (Upstream). Recalled that the fiscal authority has fizzled out the previous expenditure framework which used $40 per barrel as a benchmark for the preparation of the 2021…