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Market Digest Nigeria

Finance

Senate approves $35.66 bln budget for 2021

 Nigeria’s parliament approved on Monday the government’s 2021 budget of 13.6 trillion naira ($35.66 billion), assuming 3% annual economic growth, oil prices of $40 a barrel and 1.86 million barrels a day of crude production.

The budget will take effect when Nigeria’s President Muhammadu Buhari signs it into law, though a date has not been set and he could request changes. ($1 = 381.0000 naira)

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