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Senate passes finance bill 2020

The 2020 finance bill has been passed on the floor of the Nigerian senate. The bill which seeks to reduce import levy on buses, tractors and other motor vehicles, was passed after Solomon Adeola, chairman of the finance committee presented a report for the consideration by his colleagues. It also amends 12 Acts which include the Capital Gains Tax Act; […]

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Nigeria is heading towards recession – Minister of Finance, Zainab Ahmed says

Zainab Ahmed, Nigeria’s Minister of Finance, has said that the coronavirus pandemic and falling oil prices are set to force Nigeria’s economy into recession. The Minister made this known today May 21, while speaking to state house correspondents shortly after attending the National Economic Summit meeting in Abuja. “On the economy, COVID-19 has resulted in […]

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South Africa appoints former finance minister, Ngozi Okonjo-Iweala as member of presidential economic council (photos)

South African president has appointed former Minister of Finance, Ngozi Okonjo-Iweala, as a member South Africa’s presidential economic advisory council. The council which is chaired by Cyril Ramaphosa, the South African president, has other members in the council. As part of their functions, members of the council are expected to “ensure greater coherence and consistency […]