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Budget Business Top Story

Senate adopts 2023 supplementary budget but defers decision on loan-bonds swap

Following concerns from some legislators, the Nigerian Senate on Wednesday increased the country’s 2023 budget by 6.4% to ₦‎21.83 trillion ($49 billion) and postponed a decision on the president’s request to convert central bank overdrafts to long-term bonds. President Muhammadu Buhari had previously requested permission from the legislature in a letter dated December 20 to Read More…