W/Bank To Commit $510bn To Nigeria, Others From 2021-2023 – Finance Minister   The World Bank has hinted of plans to commit a total of $510billion to boost Nigeria and other African countries’ economy within the next three years, the Minister of Finance, Budget and National...

FG Slashes Budget By N1.5trn, Reduces Benchmark To $30   The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Included in the N1.5tn is over N457bn the government...

Fed Govt Plans More Tax Incentives In Capital Market   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that the Federal Government will introduce more tax incentives that would enhance investments in the Nigerian capital market. Speaking during a visit to the...

Fed Govt Generates Over N70bn From VAIDS   FEDERAL Government’s data mining activities on taxpayers has shown that over N70 billion was realised from the now ended Voluntary Assets and Income Declaration Scheme (VAIDS) programme. Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed made this...

Implementation Of 7.5% VAT To Commence February 1 — Minister   The Federal Government will from February 1 begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law. The law, according to the government, will take effect after all the necessary administrative...

Finance Law: Presidency, Minister Differ On Implementation   The confusion over the implementation date of the finance law deepened on Tuesday as the Presidency and the Ministry of Finance expressed differing opinions. The Presidency said the Finance Act which President Muhammadu Buhari, signed into law on Monday...