FG, W’Bank Discuss $50m Deal to Drive Power Sector Forward The Federal Government has sought the assistance of the World Bank for $50m to support state governments in the installation of solar plants and infrastructure upgrades. The Minister of Finance and the Coordinating Minister of the...

Report Says New Withholding Tax Regime Excludes Insurance Premiums, Lotteries, Others   The Federal Government has listed insurance premiums, winnings from lotteries and reality shows among transactions exempted from the new withholding tax regime. This is according to the Deduction at Source (withholding) Regulations 2024 signed by...

GenCos, DisCos, Others Exempted from Withholding Tax The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document...

ECOWAS Finance Ministers, Central Bank Governors Convene to Mull Over Single Currency Finance Ministers and Central Bank Governors from across the Economic Community of West African States (ECOWAS) convened in Abuja to tackle the possibility of launching the single currency, the ECO. This initiative, envisioned to...

Tinubu Unveils N2trn Economic Revival Plan, Inaugurates PECC President Bola Ahmed Tinubu has presented a N2 trillion stabilization and advancement plan to the Presidential Economic Coordination Council (PECC). The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this to State House...

In a bid to position Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, Mr. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organized by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria).