FG commences Crude oil sales in naira to Dangote, others October 1 The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024, The Punch reports. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun,[Read More…]
Nigeria seeks $500m World Bank loan for dam safety, others The Federal Government has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the federation. The request was disclosed in World Bank’s Project Information Document on Monday. According to the document,[Read More…]
FG warns IOCs against disregarding gas flare directives The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives of various regulatory agencies in Nigeria. It stated that though a few IOCs often complied with these directives, most of the[Read More…]
FG seeks World Bank’s Support for $50m solar power project The Federal Government has requested $50 million in funding from the World Bank to support state governments in the installation of solar plants and infrastructure upgrades. The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun,[Read More…]
FG announces UAE visa availability for citizens Minister of information and national orientation, Mohammed Idris has said Nigerians can now apply for and obtain visas to the United Arab Emirates (UAE). Idris said the federal government has reached an agreement with the UAE to allow Nigerian passport holders to[Read More…]
BREAKING: FG announces suspension of taxes on importation of food commodities The federal government has announced that certain essential food commodities imported via land and sea borders will no longer incur charges, levies, or taxes. This declaration was made by the Minister of Agriculture and Food Security, Abubakar Kyari,[Read More…]
FG to put into record order exempting SMEs, manufacturers from paying withholding tax, Oyedele reveals Chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said the newly approved withholding tax regulation will be published in the official gazette in the coming days. Withholding[Read More…]
FG to unveil new revenue collection, disbursement platform for MDAs The Federal Government, led by Finance Minister Wale Edun, minister of finance and coordinating minister of the economy, has held a high-level meeting in Abuja to discuss the rollout of a unified revenue collection and disbursement system for MDAs[Read More…]
FG to implement central revenue system for financial transparency The federal government on Monday said it will implement a central revenue system to boost financial transparency and accountability. Mohammed Manga, director of information and public relations at the ministry of finance, made this known in a statement. Manga said the[Read More…]
FG cracks down on electricity theft: sets up tribunal for prosecution The federal government has said that it is working on establishing an electricity offences tribunal to combat electricity theft in the country. Aliyu Tahir, managing director of the Nigerian Electricity Management Services Agency, spoke at a press[Read More…]
