FG Approaches China For $17bn Loans

The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request. It said other lending institutions like the World Bank and the African Development Bank were not showing much interest when Nigeria approached them during a recession. The Minister of Finance,  Zainab Ahmed,  stated this in the... Continue Reading →

Implementation of 7.5% VAT begins February 1 — Minister

The Federal Government will from February 1 begin the implementation of 7.5 percent Value Added Tax espoused by the finance law. The law, according to the government, will take effect after all the necessary administrative procedures must have been completed, especially the gazette of the Act by the Federal Ministry of Justice. The Minister of... Continue Reading →

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