The revenue shortfall the federal government has been experiencing is the reason it has not been able to fulfil the provision of the law that says allocations to the National Assembly and the Judiciary be released in full, Finance Minister Zainab Ahmed has said....
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Nigeria will further introduce incentives to boost investments in the nation's capital market, said Minister of Finance, Budget and National Planning Zainab Ahmed during a visit to the Nigerian Stock Exchange (NSE) in Lagos....
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Nigeria’s federal, states and local governments on Wednesday shared a total of N647.35 billion for the month of January as the Federation Account Allocation Committee (FAAC) meeting ended in Lagos....
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The Governor of Lagos State, Babajide Sanwo-Olu, has called for the creation and boosting of new sources of export in Nigeria’s bid to meet the yearning and aspiration of Nigerians just as he demanded a fair and just revenue sharing formula...
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The federal government’s aggressive borrowing is still on course despite criticisms. The government is now seeking the approval of the Senate for concessionary external borrowing of $22.8 billion raising a few eyebrows in the....
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The National Bureau of Statistics, NBS, said N275.12 billion was generated as Value Added Tax, VAT, in the third quarter of 2019. The NBS made this known in its Sector Distribution of VAT for 2019 third-quarter report in Abuja on Monday, December 2, 2019.....
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Nigeria’s Finance Minister, Zainab Ahmed has pledged to assist Asset Management Company of Nigeria (AMCON) in recovering some of the debts owed to it by debtors via the use of promissory notes....
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The Federal Government, on Wednesday, October 23, 2019, disclosed plans to expend the sum of N4.88 trillion for payment of the new national minimum wage and other personnel costs in the 2020 fiscal year....
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DEPUTY National Publicity Secretary of the All Progressives Congress, APC, Yekini Nabena, has cautioned the Federal Government against releasing to the Bayelsa State Government the sum of N7 billion being refund for.....
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The Federal Executive Council, FEC, yesterday directed the Minister of Finance, Budget and National Planning, Zainab Ahmed, to effect payment of the new national minimum wage of N30,000 on or before December 31, 2019.....
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Nigeria’s Minister of Finance, Zainab Ahmed, yesterday disclosed that the World Bank has approved the country’s request for a $3 billion loan.
During a press briefing at the end of the 2019 Annual Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC, Ahmed said …...
The World Bank has finally approved Nigeria’s request for a $3bn loan for the expansion of the transmission and distribution networks in the power sector....
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The International Monetary Fund has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, the Director of the African Department at the....
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President Muhammadu Buhari has been urged to include the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the Minister of Finance, Zainab Ahmed as well as some other ministers in the Economic Advisory Council (EAC).
This was said by the Managing Director/Chief Executive Officer...
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Giving an explanation on how the proposed Value Added Tax (VAT) will be shared, Minister of Works and Housing, Babatunde Fashola, noted that the bulk of the money would be enjoyed by the States and....
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As the Nigerian Government is trying to raise revenue through the increase of Value Added Tax (VAT), the Minister of Finance, Budget and National Planning, Zainab Ahmed has lamented Nigeria’s poor collection rate of VAT, saying it is 0.2%, lower than the African average of 0.33%.....
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ECONOMY: The Director-General, Manufacturers Association of Nigeria, MAN, Mr Segun Ajayi-Kadir, said: “Debt servicing and recurrent expenditures amount to N7.15 trillion or nearly 74 per....
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After 26 years, the Federal Government has made the proposal to increase the rate of Value Added Tax (VAT) from five per cent to seven point five per cent with effect from.....
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The federal government has approved the increment of the Value-Added tax (VAT) from 5% to 7.2%. Value Added Tax (VAT) is payable on goods and services consumed by any person, whether government agencies, business organisation or individuals.
The Minister of Finance, Budget and National...
The Federal Executive Council (FEC) has approved an increase the Value Added Tax (VAT) to 7.2% from 5%.
The Minister of Budget and National Planning Zainab Ahmed disclosed this to state house correspondents at the end of the cabinet meeting on Wednesday...
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