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Fed Govt Waives N1.3trn In Import Duty, VAT

Fed Govt Waives N1.3trn In Import Duty, VAT         The Federal Government yesterday, said it has waived import duty and Value Added Tax, VAT, valued at about N1.3 trillion in addition to other incentives in nine years to 2019. The Minister of Finance, Budget and National Planning,...

Nigeria’s Oil & Gas Earnings Climb To N24trn In 5yrs

Nigeria’s Oil & Gas Earnings Climb To N24trn In 5yrs       Despite the huge global crash in prices, Nigeria’s earnings from oil and gas in the first half of 2020, is N2.41 trillion just 8.7 per cent below the N2.63 trillion recorded in the corresponding period...

FAAC Distributes N420bn In October

The Federation Accounts Allocation Committee (FAAC) distributed the sum of N420 billion among the three tiers of government in October this year, being the statutory allocations for the month of September. The distributable monthly allocation marginally decreased below N510.27 billion shared in the month of...