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Ministry: New tax on alcohol, tobacco not targeted at local manufacturers

Nigeria’s newly increased tax on alcohol and tobacco is not targeted at local manufacturing industries, the country’s finance ministry has explained.

Malaysia raise money from citizens to pay off $251bn national debt

Malaysia on Wednesday announced a crowdfunding campaign to raise money from its citizens to pay off it’s $251bn (N90.6tr) national debt.

Nigeria wants to stop being lax about tax

Paying income tax used to be a joke in Nigeria which, no wonder, has the worst tax to GDP ratio in sub-Saharan Africa.

House of Representatives probe of N8 billion NEMA contracts runs into hitches

The investigation by the House of Representatives Committee on Emergency and Disaster Preparedness, of the N8 billion grains supply contracts has run into hitches.

Japan-US trade surplus edges down as Shinzo Abe, Donald Trump meet

Japan's politically sensitive trade surplus with the US edged down in March, government data showed Wednesday, as the two countries' leaders held talks over the thorny issue of bilateral trade.

Japan premier, finance minister under fire over suspected cronyism scandal

Japan’s finance ministry on Monday acknowledged that documents in a suspected cronyism scandal had been doctored.

Iraq orders confiscation of Saddam Hussein’s relatives’ assets

An Iraqi legal body ordered Monday to confiscate assets of hundreds of relatives and cronies of former leader Saddam Hussein.

Federal govt announces $2.5 billion dual medium term bond issue

The Federal Government on Thursday announced the issuance of a $2.5 billion bond to help reduce the cost of government borrowing.

Senate bemoans poor state of govt-owned hospitals

The need to revitalise Federal Government-owned hospitals on Tuesday caught the attention of the Senate as the lawmakers charged the Finance Ministry to prioritise release of funds to the Ministry of Health.

Angola’s Joao Lourenco orders review of oil and mining sectors

Angola’s new president has ordered a 30-day review of the nation’s oil industry to address the “significant” challenges it faces, his first foray into the key business since he took office last month.

Turkey orders detention of 133 workers in post-coup probe

Turkish authorities have issued detention warrants for 133 people working in the finance and labour ministries, the state-run Anadolu news agency said on Thursday.

Finance minister confirms N350bn release for capital projects

The Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget.

Recent Stories

President Muhammadu Buhari on Thursday declared open the 2018 International Press Institute World Congress with a call on journalists worldwide to address the menace of fake news and hate speech.

President Buhari pledges to restore devastated communities in North-East

President Muhammadu Buhari has assured the Internally Displaced Persons (IDPs) in the country that his administration will leave no stone unturned in restoring their devastated communities for their immediate and safe return.
Ante Rebic Croatia Argentina

Ante Rebic: Argentina were so bad I didn’t want Lionel Messi’s jersey

Ante Rebic was so disappointed in Argentina's performance and conduct in Croatia's 3-0 win over them that he decided not to ask Lionel Messi to swap jerseys.
Venezuela

UN: Rule of law ‘virtually absent’ in Venezuela

Security forces in Venezuela have carried out hundreds of unjustified killings without any apparent consequences, the United Nations has said in a new report, drawing a rejection from government officials in Caracas.
super eagles

Gernot Rohr: Shake up in Super Eagles paid dividends

Super Eagles manager, Gernot Rohr, has claimed that tactical shake-up paid dividends as they beat Iceland 2-0 in Volgograd, Russia on Friday.

APC rules out crisis in national convention

The Sub-Committee on Monitoring, Coordination and Compliance of the All Progressives Congress (APC) Convention Committee, has allayed fears that the convention, scheduled holding on Saturday, would be marred by crisis.