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VAT: FG Exempts 63 Key Items To Boost Economic Growth

The federal government has removed 63 key items from Value-Added Tax (VAT) as part of its fiscal reforms intended to stimulate economic growth. 

FG To Approve ExxonMobil, Seplat Divestment Deal

According to the federal government, the divestment of ExxonMobil’s Nigerian assets to Seplat Energy is poised to receive ministerial approval within days. 

FG Endorses Bakassi Deep Seaport Project Worth $3.5bn

The Federal Government has pledged to fully support the Bakassi Deep Seaport Integrated Project, a major infrastructure aimed at transforming Nigeria’s maritime sector and boosting the nation’s economy. 

FG, CAAV Collaborate On Land Acquisition Compensation Rates Review

FG, CAAV Collaborate On Land Acquisition Compensation Rates Review Together with the Central Association of Agricultural Valuers (CAAV), the Federal Ministry of Housing and Urban Development intends to finalize a long-overdue review and update of compensation rates for public land acquisitions in Nigeria, focusing on...

Nigeria, ECOWAS Initiate Nutrition and Cash Aid for Vulnerable Citizens

The federal government of Nigeria, in collaboration with the Economic Community of West African States (ECOWAS), has launched a nutrition support and cash transfer program benefiting 7,347 individuals. 

IMF: Sustaining Current Economic Reforms Will Deliver Annual Growth of 8%

The International Monetary Fund (IMF) is advising the Federal Government of Nigeria to sustain its ongoing economic reforms for the country to get better and achieve the desired economic growth that will lift the majority of citizens out of poverty.