Home Topics Finance Bill

Finance Bill

The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s administration will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.

President Buhari asks National Assembly to exempt animal feed from VAT

President Muhammadu Buhari has asked the National Assembly to exempt animal feed from the list of items that would attract payment of the Value Added Tax.

IMF decries slow pace of economic recovery in Nigeria

The International Monetary Fund (IMF) has decried the slow pace of economic recovery in Nigeria, warning its declining real incomes and weak investment have continue to weigh in on economic activity.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

IMF cuts Nigeria’s economic growth forecast

The International Monetary Fund (IMF) has announced a downward review of its 2020 growth forecast for Nigeria to two per cent from the 2.5 per cent it predicted earlier.
Phone SMS is used for more than just text messaging in Africa

Calls, data costs rise as VAT implementation begins

As implementation of the 7.5 per cent VAT, which was increased from 5 per cent, becomes effective yesterday, February 1, 2020, telecoms subscribers have started paying for data and calls accordingly.

Presidency explains Finance Act 2019

The presidency had made public the breakdown of Finance Bill, 2019, which was submitted to the National Assembly by President Muhammadu Buhari alongside the 2020 Appropriation Bill, and signed into law by the president on Jan. 13, 2020.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister: 7.5 percent VAT to take effect February 1

The Minister of Finance, Budget and National Planning, Mrs Zainab Usman, disclosed in Abuja that the implementation of Value Added Tax (VAT) new rate of 7.5 per cent will commence on February 1, 2020, after all the necessary administrative procedures have been completed, especially the gazette of the Act by the Federal Ministry of Justice.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

New finance law will have ‘significant’ impact on businesses in Nigeria

President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.
Zainab Ahmed

Minister hails Buhari for signing Finance Bill

Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, on Tuesday commended President Muhammadu Buhari for signing the Finance Bill into law.

NSE optimistic on bullish market as equities’ return rises to N1.35 trillion

The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
President Muhammadu Buhari on Monday signed the finance bill into law.

New VAT rate takes off as President Buhari signs Finance Bill into law

The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.
President Muhammadu Buhari has enjoined Nigerian youths to be prepared for huge responsibilities as they will eventually take over the leadership of the country in the future. 4

President Buhari signs Finance Bill into law

The Finance Bill, 2019 (the Bill), presented by President Muhammadu Buhari alongside the 2020 Appropriation Bill to a joint session of the National Assembly on 8 October 2019, was passed by both the Senate and the House of Representatives.
President Muhammadu Buhari on Monday signed the finance bill into law.

President Buhari signs Finance Bill into law

President Muhammadu Buhari on Monday signed the finance bill into law.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Firms with less than N25 million turnover will no longer pay company tax

The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax.

$30 billion loan: Senator Adeola says money necessary for development

Chairman, Senate Committee on Finance, Sen Olamilekan Adeola, on Thursday said the plan by the Federal Government to borrow about 30 billion dollars was a necessary step to catalyse development.

The legislature in defence of our economy and democracy

In the last couple of weeks, the economic and political news coming out of Nigeria has not been positive. It has been about doing things the wrong way, lack of due process, desecration of the rule of law, outright impunity for violators of rights and economic policies that have attracted negative ratings
Zainab Ahmed

More than 56 percent capital funds in 2019 budget released – minister

The federal government has so far released more than 56 per cent of the approved expenditure for capital projects in the approved 2019 budget, Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister: Federal government has achieved 50 percent 2019 budget performance

The Federal Government has achieved 50 percent budget performance in 2019 with the release of N1.2 trillion capital expenditure.

DMO explains Nigeria’s external borrowings

According to the statement, this request is not a new one as being perceived but rather it represents those borrowings which have been submitted to the National Assembly but are yet to be approved before the expiration of the 8th Assembly.

Recent Stories

Audu Ogbeh: APC’s problems caused by outsiders who took control

A foundation member of the All Progressives Congress and immediate past Minister of Agriculture, Chief Audu Ogbeh, has said the crisis which hit the party began when those who played no role either in its formation or in electioneering leading up to its historic 2015 victory took charge of affairs.
On Friday, Liverpool finally announced what many consider the signing of the summer, landing midfielder Thiago Alcantara from Bayern Munich.

Jürgen Klopp: Thiago Alcantara is an absolutely exceptional player

On Friday, Liverpool finally announced what many consider the signing of the summer, landing midfielder Thiago Alcantara from Bayern Munich.

Report: Everton, Leicester City want Ivan Perisic

According to Fussball Transfers, Everton and Leicester City are interested in signing Ivan Perisic from Inter Milan in the summer transfer window.
Governor Nasir El-Rufai has appointed new members of the management team and boards of some agencies, as part of continuous efforts to strengthen Kaduna State Government structures.

Kaduna to revive guidance, counselling unit in public schools

The Kaduna State Government said on Friday that it would revive guidance and counselling unit in public Secondary Schools in the state.
Akwa Ibom State Commissioner for Information and Strategy, Comrade Ini Ememobong, gave the charge Friday while playing host to the Executive members of the State branch of FIDA, during a courtesy call on him in the Conference room of the Ministry.

Akwa Ibom announces dates for resumption of schools

Akwa Ibom State Government has fixed September 21 2020 for the commencement of processes for the resumption of academic activities in the state-owned university, college of education and public primary schools.