The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the ministry under her watch implemented notable reforms to support economic recovery and resilience in the country.
For the insurance business in the African market to address low acceptance, there is a need for underwriting companies to adopt digital tools in marketing and swift claim processing.
Federal Government and tax experts, in Abuja, yesterday, insisted there is a need to tax more Nigerians, as federal and state governments struggle to finance budgetary provisions.
That the recently-introduced new Fiscal Policy Measures and Tariff Amendments (FPM 2023) missed the traditional fawning review of the national economic managers may have sent a strong message, perhaps, about the fast-dwindling popularity of such trite or that there are just too many of such hurriedly-prepared policies taking the attention of the inner circle.
President Muhammadu Buhari has approved partial exclusion of the Ministry of Finance Incorporated (MOFI) from the Treasury Single Account (TSA). The President also granted request of the board of MOFI to charge management and transaction fees...
Dr Samuel Nzekwe, a financial expert, has advised the incoming administration to licence more smaller modular refineries to end fuel crisis in the country.
The Federal Government has announced a review of the Import Adjustment Tax (IAT) as part of the implementation of Economic Community of West African States (ECOWAS) Common External Tariff (CET) 2022-2026, thereby raising tariffs on importation of rice, wheat, alcohol among 189 items.
With exactly one month to the end of its tenure, the President Muhammadu Buhari-led Federal Government appears confused over whether to end or continue the provision of subsidy for Premium Motor Spirit (PMS) otherwise known as petrol, as the administration is currently speaking from both sides of the mouth.
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Ide John Udeagbaala, has regretted the degenerating ease of doing business in the country, which he said has put a serious strain on production. Speaking yesterday at a media briefing on the state of the nation, Udeagbaala said this,…
Despite spending over N10 trillion in less than two years and opting for a loan of $800 million as palliative, the Federal Government, in a volte-face, made a joke of its initial plan to remove petrol subsidy when it yesterday...
With the procurement of the $800 million grant from the World Bank, the Federal Government appears to have secured an anchorage to market the fuel subsidy removal by June 2023.
The move by the Federal Government to secure an $800 million World Bank facility to fund palliative programmes for 10 million households, which translates, to about 50 million Nigerians is raising concerns among stakeholders.