Author: Marketforces Africa

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…

In a research conducted by McKinsey, more than 70 per cent of the senior executives…

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