Budget: FG Slashes Oil Benchmark To $30 Per Barrel   The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel. The Minister of Finance, Zainab Ahmed, announced this after a meeting between the...

COVID-19: FG Reduces N252bn Privatisation Target, N1.5trn Customs Revenue   The Federal Government on Wednesday announced that it had cut its revenue target from privatisation by 50 per cent. The Minister of Finance, Zainab Ahmed, made the announcement in a meeting between the executive arm of government...

Fed Govt Suspends $3.3bn Eurobond Issuance   The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday disclosed that the Federal Government had suspended the issuance of the $3.3bn Eurobond in view of the current unfavourable debt market situation. Specifically, the minister linked the...

FG Approves N7bn Loan To Support Creative Industry The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government has approved a facility of about N7bn to support the creative industry. The amount was disbursed by the Federal Government through the Bank...

FG Set To Inaugurate FIRS Board 8 Years After   Eight years after the dissolution of the board of the Federal Inland Revenue Service, the Federal Government will on Thursday inaugurate a new board for the service. The inauguration of the board which is expected to be...

Firms Earning Below N25m 'll Not Pay Companies Tax - Minister   The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax, the Federal Government has said. Currently, all companies are expected...