FG Increases Tax Rate On Beer By 87.5%
The Federal Government has increased the tax rate on beer by 87.5% to N75 per litre from N40 per litre in 2022.
FG Denies Suspending Removal Of Fuel Subsidy
The Federal Government has clarified its stance on the reported suspension of the removal of fuel subsidy.
Nigeria’s Debt To Hit N77trn In 2023
The Debt Management Office says Nigeria's debt is expected to hit N77 trillion in 2023, OduNews reports.
REPORT: FG Grants N16.79trn Tax Reliefs To ‘Top Companies’ In 3 Years
The Nigerian government granted a total of N16.79 trillion as tax waiver to top companies from 2019 to 2021, OduNews reports.
No Plans To Issue Eurobonds In 2023 – FG
Nigeria's Minister of Finance Zainab Ahmed says the country has no plans to issue Eurobonds in 2023, OduNews reports.
FG To End Fuel Subsidy 2023
The Federal Government says it will end payment of fuel subsidies by 2023, OduNews reports.
FG Allocates $3.36trn For Subsidy In 2023
The Federal Government has said that $3.36 trillion was allocated for subsidy payments in 2023. OduNews reports.
Nigeria Oil Revenue Dips Further As Global Oil Price Plunges Below $90PB
The global oil benchmark, brent crude oil, fell below $90 per barrel on Wednesday, signaling a further dip in Nigeria's oil revenue.
Energy Plan: Osinbajo Off To US, To Meet Kamala Harris, World Bank President, Others
Vice President Yemi Osinbajo has departed Abuja for the United States where he will meet his US counterpart Kamala Harris among others to secure support for Nigeria's Energy Transition Plan.
Fuel Subsidy Gulps N6.210trn In 8 Years
Nigeria's Minister of Finance and National Planning, Zainab Ahmed, has said that the government paid N6.210 trillion to oil marketers as subsidy in eight years.
FG To Stop Fuel Subsidy 2023
The Federal Government says subsidies on fuel will be stopped by June 2023.
FG To Generate N160bn From 5% Tax On Calls, Data
The Nigerian Government will generate N160 billion in revenue from telecom subscribers if it implements its planned 5% excise duty on telecom services, OduNews reports.
Buhari’s Government Defends Purchasing N1.4bn Vehicless For Niger Republic
The Federal Government has reacted to the reports making rounds that it purchased vehicles worth N1.4 billion for the Niger Republic government.
Telecom Subscribers To Pay 5% On Calls, Text, Data – FG
The Federal Government says telecommunication subscribers will pay 5% on calls, data and text messages. Minister of Finance, Budget and...
Nigeria’s Excess Crude Account Falls To $376,655 From $35.7m
Nigeria’s economic woes became more evident on Tuesday as the Federal Government disclosed that the country’s Excess Crude Account balance...
Debt Servicing Exceeds Buhari’s Government Revenue By N310bn In Q1’22
The cost of servicing debt within the first four months of 2022 has exceeded Buhari's government revenue by N310 billion, OduNews reports.
Buhari Departs Nigeria For Commonwealth Meeting In Rwanda
President Muhammadu Buhari has departed Nigeria for the 26th commonwealth meeting scheduled to hold at Kigali, Rwanda. According to Femi...
N80bn Theft: Buhari Appoints Nwabuoku To Replace Ahmed Idris As Nigeria’s Accountant General
President Muhammadu Buhari has appointed Anamekwe Nwabuoku to act as the Accountant General of the federation amid the ongoing 80billion...
Ahmed Idris Suspended As Nigeria’s Accountant General Over N80bn Theft
Ahmed Idris, Nigeria’s Accountant General, has been suspended over the 80 billion naira theft allegation levelled against him by the...
Nigeria’s Debt Burden Hits N35.5tn Following Buhari’s Recent Loan Request
Following yesterday’s approval by the Senate of a fresh $6.18 billion external loan request by the executive, there are indications...