The Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through FGN bonds in the first quarter of the year 2023. The DMO disclosed this in its FGN Bonds issuance calendar for Q1 2023. Among other things, the calendar shows that the DMO will sell between …
Read More »2022 Budget:FG Anticipates 65% of Projected N10.74 trillion Revenue to Come from Non-oil Sectors
The Federal Government has announced that it expects up to 65% of its projected aggregate revenue to fund the 2022 budget to be sourced from non-oil means of taxation. This is according to the approved 2022 budget presentation by the Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, …
Read More »Check to See 2022 Budget Allocations for Each Ministry
…As Health, defence, transport, works get highest capital budget allocations The Ministries of Works and Housing, Defence, Health and Education are to get the highest capital allocation in the 2022 federal budget. This is according to the 2022 Budget Call Circular released on Tuesday night. The circular sets out the …
Read More »Finance Minister Advocate for Women Empowerment for Poverty Reduction
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that Nigeria can only reduce poverty if the country train and empower the women. She stated this when the Director-General of the National Centre for Women Development, Dr Asabe Bashir paid her a courtesy visit in her …
Read More »Buhari Signs N983 Billion 2021 Supplementary Appropriation Bill into Law
President Muhammadu Buhari, Monday, signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, disclosed this while briefing State House correspondents at the Presidential Villa, Abuja. El-Yakub said the Act will be largely focused …
Read More »Nigeria’s GDP May Rise to 4.2% in 2022 – FG
The Federal Government has projected a rise to 4.2 percent of the country’s Gross Domestic Product (GDP) in 2022. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed said this at the Public Consultation on the Draft 2022 to 2024 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTFF/FSP) …
Read More »FG Considers Company Income Tax Reduction to 20%
The federal government may consider reduction in Company Income Tax (CIT) and other taxes relating to the capital market from 25 per cent to 20 per cent. However, the reduction will be on a case-by-case basis, based on the merit of the company seeking such reduction. Minister of Finance, Budget …
Read More »FG Didn’t Print ₦60 Billion – NEC
The National Economic Council (NEC) has dismissed allegations by the Federal Government printed N60 billion to shore up March allocation to States. Edo Governor, Godwin Obaseki had accused the Federal Government of financial recklessness in printing extra cash to meet up with allocations faulting the current administration’s borrowing pattern. Minister …
Read More »Stakeholders to Leverage Technology for Banking Growth
Stakeholders in the financial sector have said it is important to drive customer relations and banking sector growth using appropriate technology. They spoke at a webinar organised by Nigeria’s CWG Plc in partnership with Surya Software Systems with the theme ‘Balance sheet of the future; Risk – data – analytics’. …
Read More »FG Proposes Tax Exemption for Small Businesses
…Makes provision unclaimed dividends The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. This was disclosed by the Fiscal Policy Reforms Committee, established by the Ministry of Finance, Budget and National Planning and chaired by the Special …
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