Nigerians Groan Over Effects Of 7.5% VAT On Petrol Prices   Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax (VAT) on the price of premium motor spirit, otherwise known as petrol. This comes barely a month after President...

DMO Says Nigeria Has Not Defaulted In Repaying Chinese Loans   The Debt Management Office (DMO) has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability, that Nigeria has defaulted in repaying its Chinese loans. SERAP in a statement yesterday hailed the judgement that ordered...

FG Urges West African Operators to Reposition Industry   The Minister of Finance, Budget and National planning, Dr. Zainab Ahmed, has urged insurance operators in West Africa to reposition the industry for global competitiveness. She spoke at the West African Insurance Companies Association (WAICA) educational conference and...

10m Households To Get N5,000 As Subsidy Palliative For Six Months - FG   The federal government will pay N5,000 to 10 million households for six months as palliative for removing petrol subsidy after June. Economic Confidential reports that the amount is N50 billion per month and...

Despite N6trn Subsidy Payment, Fuel Price Rise By 81%   The price of Premium Motor Spirit popularly called petrol has risen by 81 per cent in the past three years, according to the National Bureau of Statistics (NBS) reports analysed by our correspondent. This came as findings...

Fed Govt To Deploy PoS Agents For $800m Cash-Transfer Scheme   The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has said that the Federal Government will deploy Point-of-Sales agents for cash transfers during the National Social Safety Net Programme Scale Up. She said this...