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The Presidency has declared that foreign individuals earning income in Nigeria will henceforth be required to pay taxes in line to a proposed amendment to the National Identity Management Commission, NIMC Bill of 2024. This was disclosed yesterday by the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, emphasizing that the proposed NIMC Bill was part of the Economic Stabilisation Bills approved on Monday by the […]

The Central Bank of Nigeria, CBN has stated that lifting of petroleum products from the Dangote Refinery will help reduce transportation costs and significantly support the easing of food prices in the short to medium term. CBN Governor, Olayemi Cardoso, who stated this yesterday during a press briefing  at the end of the 297th meeting of the Monetary Policy Committee, MPC in Abuja, also remarked that it will help to moderate foreign exchange demands […]

President Bola Tinubu has declined to sign a bill seeking to extend the tenure of service of legislative staff at the National Assembly and States Houses of Assembly from 35 to 40 years and their retirement age from 60 to 65 years. This was revealed in a letter read yesterday on the floor of the Senate by Senate President, Godswill Akpabio, stating that president's decision to withhold assent to the […]

The Federal Executive Council, FEC has approved the establishment of Disaster Relief Funds, designed to facilitate prompt assistance to disaster victims nationwide. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who made this known yesterday shortly after the FEC meeting chaired by President Bola Tinubu at the Presidential Villa Abuja, said the fund aims to secure financial support from all three levels of government as well […]