Despite COVID-19, FG, States, LGs Shared N2.054trn In Q3 - NEITI         The Federation Account Allocation Committee disbursed a total of N2.05tn to the three tiers of government and other statutory recipients in the third quarter of the year, figures released on Tuesday by the Nigeria...

Fed Govt May Reduce Minimum Tax Rate Next Year       The draft Finance Bill 2020 contains a proposal for the reduction of the minimum tax rate to be paid by companies next year in light of the current economic climate, according to the Fiscal Policy Reforms...

Price Hike: FG To Back Marketers On Petrol Import       The Federal Government is to make the dollar accessible to oil marketers in order to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost. It was learnt on Monday that oil...

N130bn Goods Trapped Since Border Closure - Importers         The Association of Nigeria Licensed Customs Agents (ANLCA), on Monday, said goods worth N130 billion belonging to the private sector were trapped since August 2019 when the land border closure began. However, ANLCA said it has received the...

Experts Blame Fuel Price Hike, Borrowing As Inflation Climbs To 14.23%         The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October. Figures released by the National Bureau of Statistics on...

Freight Forwarders Seek Reopening Of Borders       Freight forwarders under the aegis of the Association of Nigerian Licensed Customs Agents have tasked the Federal Government to re-open the border in order to benefit from the African Continental Free Trade Area Nigeria had closed all its land borders,...