FG Confirms Plan to Raise VAT on 'Luxury Goods' by 2.5% The Federal Government has confirmed plans to raise the Value Added Tax (VAT) rate. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this while speaking at an investor meeting during the...

Foreign Reserves Hit $40.2bn in October – CBN The Central Bank governor, Olayemi Cardoso, says Nigeria’s foreign reserves hit $40.2 billion in October 2024 from $38.4 billion reported in September. This was disclosed during an investors’ meeting in Washington DC, the United States, on Wednesday. Also at...

FG Issues Two Months Ultimatum on Ground Rent or Risk Withdrawal  The Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, has told federal Certificate of Occupancy (C/O) title owners to pay their ground rent in the next two months or have their titles revoked. The...

Nigerians Spend N312.27bn on Cooking Gas - NBS A survey by the National Bureau of Statistics revealed that Nigerians in nine states spend a total of N312.27bn on Liquefied Petroleum Gas, also known as cooking gas. The 2024 Nigeria Residential Energy Demand-Side Survey report highlights the...

FG, USAID Partner to Empower 311 Agric MSMEs in Four Years The Federal Government of Nigeria, in collaboration with the United States Agency for International Development’s Feed the Future programme, has empowered 311 micro, small, and medium enterprises over the past four years to enhance...

FG Fails to Pay Electricity Subsidies on Band B to E - Discos Electricity distribution companies in Nigeria have said that the Federal Government has not been fulfilling its promise to pay the cost of subsidising the electricity consumed by customers on Band B to...