The Nigerian Senate has adopted $52 per barrel as the oil price benchmark for the N4.3 trillion 2015 budget estimates.
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The $52 oil price benchmark was arrived at on Wednesday after the chairman, Senate Committee on Finance, Ahmad Makarfi, tendered the report of the revised 2015-2017 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
It also approved an exchange rate of N190 to a United States dollar.
Details later…
