The Central Bank of Nigeria (CBN) has denied selling foreign exchange for the importation of refined petroleum nor any other products. According to a statement by the Bank’s spokesperson, Mrs. Hakama Sidi Ali, theres been some misreporting that falsely implies the Bank disbursed
The Budget Office of the Federation has said that a provisional Budget Performance Report for FY 2024 will be released by the end of September 2025 even as it continues to adjust to budgetary changes that has stalled the publication of quarterly
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy & Tax Reforms Committee has asked the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to join the ongoing effort including consultation with key stakeholders to arrive at a generally acceptable outcome of
A staggering 33 million people will face acute food insecurity in Nigeria in 2025, with the number of people facing emergency levels of need projected to almost double according to a new assessment. The food insecurity and malnutrition analysis, Cadre
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Monday, debunked reports making the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10% from 7.5%. The Minister, in a statement he
The Federal Inland Revenue Service FIRS has apologised over an Easter message that didn’t sit well with members of the Christian community. The FIRS in a statement by Dare Adekambi, Special Adviser Media to the chairman stated that its attention
By Ekerete Ola Gam-Ikon Of the Sixty-seven (67) licensed insurance companies operating in Nigeria, as recently confirmed by the National Insurance Commission (NAICOM), there are many that are wholly owned (100%) by Nigerians and have certain peculiarities that I
Distinguished Guests and Compatriots. We gather here today as a united nation, a collection of chosen men and women destined to contribute to the development and progress of our beloved Nigeria. With profound gratitude. I acknowledge the Almighty for granting
The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC), and the African Continental Free Trade Area (AfCFTA) Secretariat, have hosted the official business roadshow in Dubai, the UAE, ahead of the Intra-African Trade Fair (IATF 2023)
The House of Representatives says it will prioritise the amendment of the act establishing the Nigeria Extractive Industries Transparency Initiative (NEITI) to make the Agency function optimally and give it powers to prosecute offenders in the petroleum industry. Chairman, House
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