LAGOS OCTOBER 25TH (NEWSRANGERS)-The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that the federal government would impose 15 percent Value Added Tax (VAT) on luxury goods, adding that total subsidy removal became effective last month. Fielding investors’ questions at a meeting on the sidelines of the on-going IMF/World bank…
LAGOS AUGUST 7TH (NEWSRANGERS)-Despite ongoing protests over the rising cost of living, the Nigerian government has ruled out reinstating fuel subsidy. Minister of Finance Wale Edun made the clarification during a recent interview on AIT. Edun said that fuel subsidy is not included in the 2024 national budget and cited economic progress as a reason…
LAGOS JUNE 3RD (NEWSRANGERS)-The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has explained that multinational companies exiting Nigeria did not have a liquid foreign exchange market. According to him, the government is working on the economic and investment climate to attract more multinationals into Nigeria. The Minister stated this while fielding…
LAGOS MAY 31ST (NEWSRANGERS)-Nigeria’s new president Bola Tinubu looks set to appoint trusted lieutenants connected to the political scene in Lagos to key posts, handing power to technocrats and officials credited with revitalizing the country’s economic powerhouse. After assuming office yesterday in the capital, Abuja, attention has turned to who Tinubu, 71, will choose to…