The National Economic Council (NEC) on Thursday decided that the planned fuel subsidy removal slated to commence by the end of June this year should be suspended in the view of the current politico-economic situations in the country. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, broke this news to State House […]
The Federal Government has said that the 774 local governments will benefit from the 35% Electronic Money Transfer Levy provided for in the Finance Bill 2022, debunking insinuations that the revenue will be shared by only the federal and state governments. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, made this clarification […]
The Federation Account Allocation Committee (FAAC), at the end of its Wednesday meeting held in Abuja disclosed that it distributed a total sum of N736.782 billion to the three tiers of government as allocation from the federation account in for the month of October. The committee disclosed that out of this amount generated from Gross […]
The Federal Government has commended the board and management of Development Bank of Nigeria (DBN) for its sustained funding interventions in the real sector of the economy over the years and charged the development finance institution to focus more on Small and Medium Enterprises (SMEs) in view of the sub-sector’s criticality to the nation’s Gross […]
The Minister of Communications and Digital Economy, Prof. Isa Pantami, has flawed Federal Government’s to impose additional five percent tax on telecommunication services in the country. Pantami, who expressed his stance on the tax at the maiden edition of the Nigerian Telecommunications Indigenous Content Expo organised by the Nigeria Office for Developing the indigenous Telecom […]
The Minister of Finance, Budget and National Planning, Dr. (Mrs.) Zainab Ahmed, on Thursday harped on the criticality of women and girls’ roles in achieving the collective dream of building a prosperous and resilient country for all in Nigeria. The minister, in her Goodwill Message at the Central Bank of Nigeria (CBN) International Day Commemorative […]