The federal government in the second quarter of 2024 generated a total of N1.56 trillion from Value Added Tax. This is a 9.11 percent increase from...
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports doing the rounds that the rate for Value-Added Tax (VAT)...
Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, has said the committee working on increasing the Valued Added Tax (VAT) from the current 7.5%...
The Nigerian economy grew in the second quarter of 2024 by 3.19% year-on-year, according to data released by the National Bureau of Statistics (NBS) on Monday....
Ngozi Okonjo-Iweala, Director General of the World Trade Organization (WTO), has raised concerns about the country’s declining GDP growth. Speaking at the annual General Conference of...
Fuel prices across Nigeria have surged sharply as the country grapples with a severe petrol shortage with Lagos and Kano facing some of the worst impacts...
President Bola Tinubu is set to officially commission the upgraded West Africa Container Terminal (WACT) in Onne, Rivers State, next Wednesday. The $115 million or N178.2...
The Federal Government has announced the payment of N205 billion to Generation Companies (Gencos) as part of its ongoing efforts to address the longstanding debt crisis...
Nigeria’s headline inflation rate eased slightly to 33.40% in July 2024, down from 34.19% in June 2024. Despite this modest reduction, the inflation rate remains high...
Nigerian refineries, including the massive Dangote Refinery, have increased their domestic crude oil requirements by 24% for the second half of 2024 to 597,700 barrels per...
