NNPC denies inflating petrol subsidy claims by N3.3tn
The Nigerian National Petroleum Company Limited, on Monday, denied reports that it inflated the subsidy on Premium Motor Spirit, popularly called petrol, by N3.3tn...
Nigeria’s inflation rate drops 14% by 2029, IMF predicts
Nigeria’s inflation rate is predicted to stabilize at 14 per cent in 2029, indicating a potential end to the current upward trend according to...
Cardoso Demands Effective Debt Management To Meet Funding Needs
Governor of the Central Bank of Nigeria, Olayemi Cardoso has called for the entrenchment of an effective debt management to meet revenue needs of...
Inflation dropping, economy heading in right direction – Finance minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that Nigeria’s economy is experiencing an appreciable growth that may...
Tax Reform Panel Recommends N800/$ Rate For Customs Duties
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended that the federal government adopt an exchange rate of N800 per one US...
FG plans fresh cash transfer scheme for 75 million Nigerians
The Federal Government on Tuesday said it had reinstated the suspended social investment programme, disclosing the scheme would provide direct payments to 75 million...
Reps Canvass Support For BOI, Banking Reforms
The House of Representatives Committee on Industry says it is pushing policy reforms and increased budgetary allocations for financial support across various critical sectors,...
Naira depreciates to N1,530/$ in official market
The Naira yesterday depreciated in the parallel market to N1,530 per dollar from N1,525 per dollar on Tuesday.However, the Naira yesterday appreciated to N1,459.02...
Tax Now Highest Revenue Source To Federation – FG
The Federal Government has tasked tax professionals with putting more effort to increase tax collection, emphasising that this is now the federation's largest source of income.
This was revealed by Accountant-General of the Federation, Oluwatoyin Madein on Tuesday during the 26th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, which had as its theme: Sustainable Tax Culture and Economic Roadmap for Nation Building.
The government pointed out that based on the current high revenue from taxes, members...
Remove Petrol, Electricity Subsidies After Taming Inflation, IMF Tells FG
The International Monetary Fund (IMF) has urged the Federal Government to remove the fuel and electricity subsidies when the rising inflation has been addressed.
The...
