Senate Reviews 2023 Finance Act to Tax Banks’ Foreign Gains
The Senate, Wednesday, considered the amendment of the 2023 Finance Act aimed at taxing foreign exchange proceeds realised by banks nationwide in their financial statements for the purpose of funding strategic national projects. The upper chamber equally entertained another bill, which sought to amend the Appropriation Act, 2024 with a view to increasing the public expenditures […]
NASS Okays Tinubu’s Fresh Request for N6.2tn Injection into N27.5tn 2024 Budget
The two chambers of the National Assembly, yesterday, gave accelerated consideration and approval to President Bola Tinubu’s request for fresh injection of N6.2 trillion into the N27.5 trillion 2024 budget. The endorsement came as Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, said the federal government would reintroduce Sugar-sweetened Beverages […]