11

Oct

FG allocates N854.8bn for pensions in 2023

President Muhammadu Buhari while presenting the 2023 budget to the National Assembly has said that the Federal Government plans to spend N854.8bn on pensions, gratuities and retirees’ benefits in the 2023. He disclosed that the total non-debt recurrent expenditure in January to July 2002 was N3.24 trillion, of which N2.87 trillion was for salaries, pensions and overheads. […]

FEC approves N19.76tn budget for 2023

The Federal Executive Council of Nigeria has approved the2023 Budget which President Buhari is expected to propose to lawmakers on Friday. The 2023 budget of N19.76 trillion was embedded with an N12.43 trillion deficit to lawmakers on Friday, October 7, 2022. This was disclosed in a press briefing by Mr. Femi Adesina, the President’s Special Adviser on Media and Publicity, on[…]

06

Oct

Seplat Energy refinances its revolving credit facility

Seplat Energy Plc a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced that it has successfully refinanced its existing US$350million revolving credit facility due December 2023 with a new three-year US$350million revolving credit facility due June 2025. The RCF includes an automatic maturity extension until December[…]