June 11, 2020 / 12:01 PM / a month ago

Nigeria's Senate passes revised 10.8 trillion naira budget based on $28/bbl oil

ABUJA, June 11 (Reuters) - Nigeria’s Senate, the upper chamber of parliament, passed a revised 10.8 trillion naira ($29.92 billion) budget on Thursday.

The coronavirus pandemic and a sharp fall in global oil prompted the government to alter its budget. The revised budget, now bigger than the 10.59 trillion naira level previously approved, must be sent back to the president to pass into law after he has agreed to any changes. ($1 = 361.0000 naira) (Reporting by Camillus Eboh; Writing by Alexis Akwagyiram)

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