Dismiss Reports, VAT Remains 7.5% – Edun Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday dismissed circulating reports that the Value-Added Tax (VAT) rate has been increased from 7.5% to 10%. In a statement signed by him, the Minister confirmed...

FG Sets Up Committee to Resolve Dispute on Domestic Crude Supply to Refineries The Minister of State for Petroleum Resources (oil), Heineken Lokpobiri, says the federal government has set up a committee to resolve the dispute on domestic crude supply to the Dangote refinery and...

Whistleblowing Policy: N83bn, $609m Recovered in Six Years – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says the whistleblowing policy has helped the federal government to recover N83 billion, $609 million, and €5 million. Edun spoke on Wednesday at a...

FG Plans N3bn to Mitigate Flooding Effect The Federal Government has announced its plan to provide N3 billion in support to all states in an effort to mitigate the impact of the recent flood disaster. The Minister of Finance and Coordinating Minister of the Economy, Mr....

Dangote Refinery: Stakeholders to Discuss Petrol Price ahead September Rollout There are indications that the Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira will further discuss the pricing of Premium Motor Spirit, popularly...

FG Reveals Requirements to Access $500m Bond Subscription The Federal Government has said that investors seeking to invest in its latest financial instrument must disclose specific identification requirements to participate in the exercise. It disclosed this in a Frequently Asked Questions document provided by the Debt...