Customs Clarifies Decision to Suspend 4% FOB Charge The Nigeria Customs Service says it suspended the implementation of four per cent Free-on-Board value on imports to review revenue framework and optimise its operations. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed...

Inflation, Others Push 50% Telecom Tariff Hike, Reviews Ongoing - Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that tariffs in the telecommunications sector will undergo periodic reviews to address rising operational challenges. Speaking on Arise TV during the...

HURIWA Demands Accountability for $20 Billion Savings, Opposes Fresh Borrowing Amid Escalating Debt The Human Rights Writers Association of Nigeria (HURIWA) has expressed deep concern over the conflicting financial claims and borrowing policies of the Federal Government, questioning the management of Nigeria's economy under President...

FG Pledges to Settle Pension Arrears, Releases 25% of N88bn budgeted - Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Federal Government has released about 25 per cent of the total amount budgeted for pension arrears this year. He...

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...