Edun
27 Nov
MINISTER of Finance and Coordinating Minister of the Economy, Wale Edun, has urged Lagos and other state governments to expand their economic base by leveraging underutilised state-owned assets and liabilities, such as land titles and properties, to attract investments and unlock additional revenue streams. The minister also highlighted the need for innovative approaches to bolster…
27 Nov
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has urged Lagos and other state governments to expand its economic base by leveraging underutilised state-owned assets and liabilities, such as land titles and properties, to attract investments and unlock additional revenue streams. The minister also highlighted the need for innovative approaches to…
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 2024
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 2024
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…
Latest
34 mins ago
President Joe Biden has awarded the Presidential Medal of Freedom to football great Lionel Messi and 18 others. The White House made this known in a post on its official X account on Saturday night, the same day Biden gave the awards. "Today, President Joe Biden awarded the Presidential Medal of Freedom to 19 great…
35 mins ago
Nigerian pastors have delivered prophecies for 2025, with many assuring citizens of hope while others warn of dangers ahead. In his prophecy, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, urged Nigerians to pray against an increase in natural disasters, including violent storms, floods, and fire outbreaks. The General…
43 mins ago
Katsina State Governor, Dr. Dikko Radda, has directed the immediate recruitment of 70 Forest Guards on Grade Level 01, as part of measures to protect the state's forest resources. Similarly, the governor has announced that plans have reached an advanced stage for the establishment of specialised courts dedicated to addressing forest conservation violations. A statement…
57 mins ago
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has declared a 100-day fasting themed 'RCCG FAST 2025' for Nigeria’s turnaround. Pastor Adeboye made the declaration on Sunday in a video shared on his official Facebook account, where he expressed confidence that Nigeria would soon experience peace after the church’s 100-day…
1 hour ago
Senator representing Kogi Central Senatorial District Natasha Akpoti-Uduaghan has expressed deep sorrow over the death of Professor Nuhu Yaqub, describing him as a towering figure in Nigeria’s academic and administrative landscape, whose legacy will continue to inspire generations. In a heartfelt tribute, which she personally signed and made available to newsmen on Saturday, the senator…
1 hour ago
The Katsina State Police Command has successfully rescued 18 kidnap victims and recovered stolen cattle following separate incidents involving armed bandits. In a statement on Sunday, a police spokesman in the state, ASP Abubakar Sadiq, said the incident occurred on January 3, 2025 along the Funtua-Gusau highway in Zamfara State. He said that the police…
1 hour ago
As the new year unfolds, it’s the perfect time to take charge of your finances with cutting-edge digital tools designed to simplify your money management. With user-friendly interfaces and powerful features, these applications make managing money not only effortless but also enjoyable. Embrace these digital tools to transform your financial journey this year. Managing money…
1 hour ago
Baba Mohammed Azare has been appointed as the 34th Commissioner of Police (CP) in Akwa Ibom State. According to a statement by the Akwa Ibom State Police Command Public Relations Officer (PPRO), DSP Timfon John, the new CP, a native of Bauchi State, has a strong academic background, holding a BA in Mass Communications and…
1 hour ago
Suspected terrorists have killed the Acting Chairman of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) in Katsina State, Alhaji Amadu Surajo. The terrorists also killed three other people and injured several others. The incident occurred in the late hours of Saturday night into the wee hours of Sunday morning when the hoodlums attacked Mai…
1 hour ago
The top bidder at a Tokyo fish market said they paid $1.3 million for a tuna on Sunday, the second highest price ever paid at an annual prestigious New Year auction. Michelin-starred sushi restauranteurs, the Onodera Group said they paid 207 million yen for the 276 kilogramme (608 pounds) bluefin tuna, roughly the size and…