Tag
WALE EDUN
The federal government has officially announced the commencement of crude oil sale to Dangote Refinery, other local refineries in the local currency, naira on October 1, 2024.
The federal government has introduced tax reliefs for deep offshore oil and gas projects in the country as well as VAT exclusion on LPG, CNG, diesel and others.
The Federal Government has announced value added tax (VAT) exemptions for various energy products, including diesel, Liquefied Natural Gas (LNG), also known as cooking gas, Compressed Natural Gas (CNG), and electric vehicles, among others.
The Federal Government has announced plans to focus on boosting services exports, enabling Nigerians to secure online contracts with foreign firms.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country now records about $2.35 billion as net inflow into the Central Bank foreign reserves.
The petrol lifting from Dangote Refinery aligns with the federal government’s statement that the refinery would begin distributing petrol to NNPC on September 15, 2024.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Dangote Refinery will start distributing Premium Motor Spirit (PMS) on Sunday to only the NNPC for now.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that the Federal Government’s revenue for the first quarter of 2024 has risen to N9.1 trillion, more than doubling the amount recorded in the same period in 2023.
The federal government has debunked claims that it plans to increase the Value Added Tax (VAT) rate from 7.5% to 10%.
The Federal Government has announced its plan to provide N3 billion in support to all states in an effort to mitigate the impact of the recent flood disaster.
The federal government has appointed a 10-man inter-ministerial committee comprising of the Minister of Finance, Wale Edun, Governor of the Central Bank, Olayemi Cardoso and eight others to enforce the supreme court judgement on local government autonomy delivered in July, 2024.
The Federal Government has announced that sales of crude oil to the Dangote Refinery in naira will begin on October 1, 2024.