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...

Offshore: FG Gives Fresh Tax Reliefs, Stops VAT on Diesel, Cooking Gas The Federal Government has disclosed the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector. It also announced that the importation of key energy products...

FG Hands Over 64 CGN Buses to Labour Unions, NANS The Federal Government on Sunday, handed over 64 Compressed Natural Gas (CNG) buses to representatives of the Trade Union Congress (TUC), the Nigerian Labour Congress (NLC), and the National Association of Nigerian Students (NANS). The handover...

Foreign Reserves Net Inflow Rises $2.35bn in Seven Months - Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves have seen a net inflow of about $2.35bn into the Central Bank’s coffers. Edun disclosed this at the Corporate...

9.7% Interest on Dollar Bond Gains Oversubscription by $400m - Experts Experts have attributed the oversubscription recorded in the first dollar-denominated domestic bond to the attractive yields of the $500m bond just as they called for judicious utilisation of the proceeds in critical sectors that...

Dollar Bond: Nigeria Economy Profitable, Secure for Investment, Says Edun  Wale Edun, minister of finance and coordinating minister of the economy, says that Nigerians’ rights to own assets, whether in naira or in any other currency, are protected under the law. Edun, who disclosed this at...