Edun
15 Nov
The Federal Executive Council (FEC) has approved $2.2 billion financing programme for external borrowing, including a potential Eurobond and Sukuk bond offer. Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, made this known while briefing newsmen after the FEC meeting on Wednesday at the Presidential Villa, Abuja. “We just had…
11 Nov
A businessman, Abdullahi Abiola, has urged the Central Bank of Nigeria (CBN) to clear matured FX forward contracts to banks and manufacturers to avert the collapse of struggling businesses and the attendant economic implications, including unemployment. He also urged President Bola Tinubu and Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to…
10 Nov
Timing is executive’s decision, says Senate Indications have emerged that President Bola Tinubu may present the 2025 budget to the National Assembly in early December, as the necessary budget templates are still being finalised. The Senate’s Committee on Finance has clarified that the timing for the budget presentation rests solely with the executive branch, led…
8 Nov
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that President Bola Tinubu’s economic policies have now reached the result-delivery stage. Edun disclosed this at Thursday's interactive session with the Senate Committee on Finance at the National Assembly Complex, Abuja. The session's speakers were the Group Chief Executive Officer of…
31 Oct
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday revealed a new government policy that would permit Nigerians who currently hold dollars outside the formal banking system to return those funds into the financial system. Edun said such individuals have a nine-month grace period to comply with the directive without attracting…
25 Oct
The Federal Government has allocated $600 million to support young entrepreneurs in Nigeria's growing digital sector, aimed at fostering the next generation of innovators. This initiative targets individuals aged 15 to 35, providing financial support and resources for youth-led startups and small businesses in technology and digital innovation. Finance Minister Wale Edun announced the funding…
4 Oct
The federal government has announced that it is looking forward to no less than 4 million barrels per day oil production and 10bcf of gas output by 2030. Special Adviser to the President on Energy and head of the Energy Office of the Presidency, Mrs. Olu Verheijen, disclosed this in a statement on Thursday. Verheijen,…
26 Sep
The Federal Government says it does not want to flood the market with imported food but is working out strategies that will ensure the country can feed itself from its local production. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun stated this on Thursday in Abuja at the Inter-Ministerial press briefing…
6 Jun
Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, Wale Edun, has presented President Bola Tinubu with a new minimum wage proposal, meeting a 48-hour deadline set by the President. But a Special Adviser on Information and Strategy to President Tinubu, in an X post, denied the report, saying, the minister "has…
6 Jun
Relief is on the way for Nigerian workers, as President Bola Tinubu on Thursday received the cost implications of an affordable, sustainable, and realistic new minimum wage. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, along with his Budget and National Planning counterpart, Atiku Bagudu, presented the report to the President…
2 Jun
THE Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria is no longer living on borrowed money. Edun explained that Nigeria no longer relies on Way and Means (W&M) from the Central Bank of Nigeria (CBN) to fund its obligations. He was responding to comments on a Channels TV interview…
2 Jun
THE Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has insisted that fuel subsidy removal is an ongoing process that depends on a combination of factors. He was responding to comments on a Channels TV interview last night where he responded to a wide range of domestic economic issues. The fuel subsidy…
Latest
2 mins ago
The three main suspects in the murder of an Israeli rabbi in the United Arab Emirates were arrested by Turkish officers in Istanbul, Turkey's security sources told AFP on Tuesday. Tzvi Kogan, a 28-year-old UAE-based rabbi, was found dead last week, following what Israel's prime minister called "an abhorrent anti-Semitic terrorist attack". Emirati authorities on…
4 mins ago
Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy. Shockwaves from the Republican's announcement rippled across the country as Ottawa raced to avoid disruptions to the more than one trillion…
5 mins ago
Multiple strikes hit Beirut on Tuesday, including areas not previously targeted in two months of war, state media reported, after Israel's military made unprecedented calls to evacuate central districts. Some of the strikes came shortly after Israeli Prime Minister Benjamin Netanyahu said the security cabinet was set to agree to a truce with Lebanon's Iran-backed…
7 mins ago
Julian Alvarez and second-half substitute Angel Correa scored twice as Atletico Madrid cruised to an easy 6-0 win at struggling Sparta Prague in the Champions League on Tuesday. The win leaves Diego Simeone's Rojiblancos on nine points from five games in the competition, while Sparta have four. "Each win makes you happy, especially when the…
9 mins ago
China and Mexico lashed out Tuesday after Donald Trump threatened to begin his presidency with an immediate trade war against the top three US economic partners. Trump made his threat in social media posts, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they don't stop illegal immigration and drug…
10 mins ago
Israeli Prime Minister Benjamin Netanyahu said he would bring a US-brokered proposal for a ceasefire with Hezbollah in Lebanon to his government for approval as soon as Tuesday evening. In a televised address, Netanyahu said he would put "a ceasefire outline" to ministers "this evening". He did not say how long the truce would last,…
12 mins ago
Brazilian ex-president Jair Bolsonaro "actively participated" in a 2022 coup plot to prevent his successor, Luiz Inacio Lula da Silva, from taking office, police alleged in a report made public Tuesday. Bolsonaro was also "fully aware" of an alleged plan by elite soldiers to assassinate Lula, his vice president and a Supreme Court judge, said…
13 mins ago
The Minister of Education, Dr Mauruf Alausa, says the Federal Government has, henceforth, cancelled foreign trainings for scholars. Alausa, who said this at the opening ceremony of a three-day conference organised by the British Council, on Tuesday in Abuja, said that scholars would now be trained within Nigeria. The theme of the conference is, “Building…
13 mins ago
Barcelona striker Robert Lewandowski stroked home a penalty on Tuesday against French side Brest to net his 100th Champions League goal. Former Bayern Munich forward Lewandowski is only the third player to reach a century of goals in the competition, behind all-time top scorer Cristiano Ronaldo (140) and Lionel Messi (129). The 36-year-old Poland international…
21 mins ago
President Joe Biden on Tuesday welcomed as "good news" a US and French-brokered ceasefire between Israel and Hezbollah, saying he hoped it could be a springboard to peace in Gaza too. The deal will come into force at 4:00 am local time (0200 GMT) Wednesday, Biden said as Israeli Prime Minister Benjamin Netanyahu's office announced…