Between January and July this year, the Federal Government recorded a fiscal deficit of N1.15tn in its operations, figures obtained from the Central Bank of Nigeria have revealed. The 2019 budget which was signed by President Muhammadu Buhari had capital expenditure of N2.09tn, recurrent expenditure of N4.05tn, statutory transfers...

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, yesterday approved a 2 per cent increase in Value Added Tax (VAT) to 7 per cent from 5 percent.  It also approved the 2020 budget of N10.07 trillion and the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper...