Nigeria Customs suspends 25% penalty on improperly imported vehicles

Nigeria Customs suspends 25% penalty on improperly imported vehicles

The Nigeria Customs Service (NCS) has announced the suspension of the 25 per cent import duty penalty on improperly imported vehicles. The directive for the suspension came from the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and is said to be part of strategies to help rejuvenate the economy and ensure … Read more

We won’t use CBN loan to fund Nigeria’s 2024 budget

We won’t use CBN loan to fund Nigeria’s 2024 budget

To finance Nigeria’s N28.8 trillion budget, the federal government will eliminate the reliance on Ways & Means, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. The minister on Monday said the federal government would rather focus on bolstering revenue and driving economic growth. According to Mr Edun, the federal … Read more

We won’t use CBN loan to fund Nigeria’s 2023 budget

We won’t use CBN loan to fund Nigeria’s 2024 budget

To finance Nigeria’s N28.8 trillion budget, the federal government will eliminate the reliance on Ways & Means, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. The minister on Monday said the federal government would rather focus on bolstering revenue and driving economic growth. According to Mr Edun, the federal … Read more