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
2 mins ago
The bug that is draining life from opposition parties in Nigeria has eaten deep into the root of the Kano State chapter of the New Nigeria People’s Party (NNPP), attacking the Kwankwasiyya movement,
7 mins ago
The House of Representatives has called on the Federal Government to declare a state of emergency in the health sector, specifically to address the critical power situation at University College Hospital (UCH), Ibadan.
8 mins ago
The Quick Response Team of Nigerian Navy Ship (NNS) Beecroft, under its new Base Commander, Commodore Paul Ponfa Nimmyel, has stepped up its operations, resulting in the interception of a large wooden boat en route to the Republic of Benin and the arrest of seven suspects attempting to escape.
14 mins ago
There is a well-known economic principle that a rising tide lifts all boats and yachts. In that spirit, industrialised nations like the U.S. and China must acknowledge that Africa—home to 54 countries and a population of approximately 1.5 billion
27 mins ago
The University of Lagos (UNILAG) has concluded plans to unveil a policy document on the ethical use of Artificial Intelligence (AI) in its academic activities.
31 mins ago
A hospital in Germany - the Universitätsmedizin Greifswald (UMG) has partnered with the National Blood Service Agency (NBSA) and the Aminu Kano Teaching Hospital (AKTH) to improve blood transfusion safety across the country.
32 mins ago
A Rivers State High Court sitting in Port Harcourt has sentenced a petroleum tanker conductor, Eze Kingsley, to death by hanging for the murder of Wagbara David.
34 mins ago
The management of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, has intervened in a clash between a male lecturer and a female student, pledging to ensure justice.
34 mins ago
The African Export-Import Bank (Afreximbank) has disbursed $140 billion to African countries in the last 10 years, the President of the institution, Prof. Benedict Oramah, has said.