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...

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...