World Bank Reveals Nigeria’s Poverty Rate Reduced By 7%   The World Bank has estimated that improved access to internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania. This was disclosed in a new brief titled, “Digital...

 CBN Won't be Allowed to Print Money - Budget Minister Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways and Means to fund the budget...

'How FG Save N8trn From Subsidy Removal, FX Reform'   The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from the fuel subsidy removal and exchange rate unification policies. Oyedele spoke during a...

NASS Raises Works Ministry Budget To Over N1trn The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn. This represents N373bn or 56.7 per cent increase from the initial figure in the appropriation bill. It also...

FIRS Suspends Implementation of VAT Guidelines   The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified compliance regime on the supply of low-value goods through digital means by non-resident suppliers. In a statement, it said the postponement...

'Tinubu’s Trips Gulped N3.4bn in Six Months'   President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of assuming office. The figure is 36 per cent more than the N2.49bn earmarked for the President’s travel expenditure in the 2023...