Suggestions




·

Just In: Nigeria Govt Grants VAT Waiver On Diesel For 6 Months

October 1, 2023
by
Diesel

Nigerian Government has announced the removal of value-added tax (VAT) on diesel for the next six months.

The Chief of Staff to President Tinubu, Rt. Hon. Femi Gbajabiamila, who made the disclosure said it is part of the waivers from the resolution reached between the Federal Government and leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the end of a four-hour meeting held at the State House on Sunday.

Join our WhatsApp Channel

This comes as the price of diesel has increased to N1,100 per litre,  making businesses and transporters to lament about skyrocketing energy costs and the impact on their operations.

 

Mores Details to follow…

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Related Posts

Obi Applauds Airport Renamed After Chinua Achebe
Previous Story

Obi Applauds Airport Renamed After Chinua Achebe

2023 Elections: Governors, Candidates Who Won, Lost At Supreme Court
Next Story

Benue Govt Acquires 100 Buses To Alleviate The Impact Of Fuel Subsidy Removal

Featured Stories

Related Posts

Latest from Business

Tinubu Constitutes Taskforce to Revamp Petroleum Industry

President Bola Tinubu has inaugurated a Presidential Petroleum Reform and Value Optimisation Taskforce to plan the next stage of reforms in Nigeria’s petroleum sector. Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder of the Fate Foundation, was appointed chairman of

Investigation Reveals 23 Damaged Components on Arik Air Flight

Nigeria’s air accident investigators said a passenger aircraft operated by Arik Air suffered damage to at least 23 components after an abnormal engine incident during a flight in February. In a preliminary report released on Friday, the Nigerian Safety Investigation Bureau said
Why CBN Retained Bencmark Interest Rate At 27.5%

CBN Directs Banks to Deny Debtors New Loans

Central Bank of Nigeria has directed commercial banks to deny additional credit and certain banking services to large borrowers with non-performing loans, in a move aimed at strengthening credit discipline and reducing financial risks in the banking system. In a letter dated March 12,
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

The market capitalisation of the Nigerian Exchange (NGX) was N127.36 trillion on Friday, March 13, while the all-share index (ASI) closed at 198,407.3 ASI. Equity investors traded 591.04 million shares in 53,066 deals, valued at N35 billion on Friday.Join our WhatsApp Channel
Obi Applauds Airport Renamed After Chinua Achebe
Previous Story

Obi Applauds Airport Renamed After Chinua Achebe

2023 Elections: Governors, Candidates Who Won, Lost At Supreme Court
Next Story

Benue Govt Acquires 100 Buses To Alleviate The Impact Of Fuel Subsidy Removal

Don't Miss

Interesting Things To Know About Apple’s $95 Million Settlement Of Siri Case

Interesting Things To Know About Apple’s $95 Million Settlement Of Siri Case

Apple has agreed to settle a lawsuit with a payout
SERAP Urge State Governors To Redirect Predecessors’ Life pension, Security Votes To Pay Minimum Wage

SERAP Urges State Governors To Redirect Predecessors’ Life pension, Security Votes To Pay Minimum Wage

The Socio-Economic Rights and Accountability Project (SERAP), has strongly criticised