• Buhari signs Finance Bill, approves 7.5% VAT increase

    Buhari signs Finance Bill, approves 7.5% VAT increase0

    The President, Major General Muhammadu Buhari (retd.), on Monday, signed the 2020 Finance Bill into law. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, confirmed this development in a statement in Abuja. According to the presidential aide, this is sequel to its passage by the National Assembly and subsequent forwarding

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  • Senate set to approve Buhari’s $29.96b loan request

    Senate set to approve Buhari’s $29.96b loan request0

    Despite the criticisms that followed President Muhammadu Buhari’s request to the Senate for the approval of a $29.96 billion loan, Senate President Ahmad Lawan yesterday insisted that the chamber would grant his desire. Lawan, who stated this while answering questions on the loan request at a media briefing in Abuja, also denied he ever advised

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  • House of Reps to pass financial bill authenticating VAT increase Wednesday

    House of Reps to pass financial bill authenticating VAT increase Wednesday0

    The House of Representatives may tomorrow pass the Financial Bill increasing the Value Added Tax (VAT) from five to 7.5 percent. Chairman of the Committee on Finance, James Abiodun Faleke, dropped the hint at the end of the piece of legislation’s public hearing yesterday in Abuja. The lawmaker promised that members of the panel would

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