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Category: Business
FIRS, Customs, other revenue-generating agencies still deduct collection costs at source – FG
The Ministry of Finance has clarified that it has not discontinued the practice of allowing revenue-generating agencies such as the Federal Inland Revenue Service (FIRS),…
FG launches national digital trustmark to repose trust in online transactions
On Thursday in Abuja, the Federal Government inaugurated a National Digital Trustmark, a platform designed to provide a verifiable certification mechanism and a badge of…
Alternative payment channels, lifeline for rural, underserved communities — CBN
The Central Bank of Nigeria (CBN) has described alternative payment systems as a vital lifeline for rural populations and underserved communities across the country. CBN…
FG scraps revenue collection deductions, pledges fiscal transparency
The Federal Government has announced plans to permanently halt deductions for the cost of revenue collection paid to agencies such as the Federal Inland Revenue…
Nigeria has met all obligations for $5bn worth African Energy Bank – Tinubu
President Bola Ahmed Tinubu said that Nigeria, as the host country of the Africa Energy Bank, has met all obligations for the commencement of the…
98% of Nigerians to enjoy crash in tax rate or total exemption in 2026 — Oyedele
An estimated 98 per cent of Nigerians will either stop paying tax or have their tax rate under the Pay As You Earn (PAYE) category…
FG to reduce debt service burden through refinancing
The Federal Government plans to reduce its current debt service burden by refinancing existing debts. Minister of Finance and Coordinating Minister of the Economy, Mr….
No more budget extensions – Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says there will be no more budget extensions in the Nigerian fiscal…
We’re working towards bringing needed price, monetary stability – CBN assures Nigerians
Central Bank of Nigeria (CBN) has assured Nigerians of its commitments to ensure that the policies and reforms put up brings about the much needed…
Tinubu seeks $2.3bn external loan to cover 2025 budget deficit, others
President Bola Ahmed Tinubu has requested approval from the House of Representatives to secure approximately $2.3 billion in external borrowing to address Nigeria’s 2025 budget…