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The Federal Government on Thursday promised to provide hundreds of Nigerians returning from South Africa following rising incidents of xenophobic attacks in the country soft loans to be provided by the Bank of Industry (BOI) to support those interested in small trade and businesses. The Chairman and Chief Executive Officer (CEO) of the Nigerians in […]
Finance Minister Corrects Error On Proposed VAT Rate Hike
Barely 48 hours after she misinformed the global community that the Federal Government had proposed to increase Nigeria’s Value-Added Tax (VAT) rate from 5% to 7.2%, the Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, at the weekend adjusted the rate to 7.5%. Rather than apologizing for the misleading information she gave after […]
FG Clarifies Paris Club Refund To States
The Federal Ministry of Finance on Tuesday provided some clarifications on the Paris Club refund approved for the 36 states of the Federation. A statement issued by the ministry’s Director of Information, Hassan Dodo, on the refund to the sub-national government recalled that the issue of Paris Club loan over-deduction had been a long standing […]