Sanwo-Olu presents ₦2.2trn budget to Lagos House of Assembly
The Lagos state government has presented a N2.246 trillion budget for the 2024 fiscal year to the state House of Assembly for deliberation and approval. Governor Sanwo-Olu presented the 2024…
Tinubu stops collection of VAT, import duty on cooking gas
The federal government has announced the exemption of the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT). The development…
Nigeria records trade surplus of ₦3.5trn as exports overtake imports
The National Bureau of Statistics (NBS) has announced that Nigeria recorded a N3.5 trillion trade surplus between January and September of 2023. NBS disclosed this in its foreign trade report…
Speaker: Reps will ‘diligently’ scrutinize Tinubu’s ₦27trn budget
Tajudeen Abbas, speaker of the House of Representatives, has said that the proposed 2024 budget will be “diligently scrutinised” by the National Assembly. Speaking on Wednesday when President Bola Tinubu…
Tinubu inherited ‘almost comatose’ economy, but there’s light at end of tunnel – Ogun gov
Prince Dapo Abiodun, the Ogun State governor says the administration of President Bola Tinubu inherited an “almost comatose” economy. Speaking during an interview when he featured on a television programme…
Tinubu inherited dead economy – Soludo…accuses CBN of violating act
Chukwuma Soludo, Anambra State governor has said the administration of President Bola Tinubu inherited a dead economy. Prof Soludo spoke on Thursday during an interview on television. The Anambra governor…
Naira to trade at ₦850 per dollar by next month – JP Morgan
Financial services powerhouse based in the United States, JP Morgan has on Wednesday projected that by December 2023, the value of the naira would be stand at N850/$ at the…
Tinubu increases Nigeria’s foreign debt to $51bn after seeking fresh $7.8bn, €100m loans
Nigeria’s foreign debt will increase further to about $51 billion, after President Bola Tinubu made two requests to the Senate, seeking approval to borrow additional $7.8 billion and €100million, as…
Why CBN lifted forex ban on 43 items
The Central Bank of Nigeria (CBN) has removed 43 items from the list of goods prohibited from accessing forex in the official market. The new list, which was released on…
No new taxes, we want to harmonise, reduce them – presidential reform lead, Oyedele
Chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, on Sunday said no government agency has been stopped from collecting statutory revenue, noting his team was…