Wale Edun
15 Nov
In a bid to tackle Nigeria’s severe housing deficit and stimulate long-term economic growth, the Federal Executive Council (FEC) has approved N250 billion real estate investment fund aimed at providing affordable, long-term mortgages to Nigerians.
15 Nov
The Federal Government is considering adding a fresh liability of $2.2 billion to the existing debt overhang as part of its plans to fund an ambitious spending envelope of N47.9 trillion next year.
5 Nov
President Bola Tinubu has reminded his new ministers that they will be abused and criticised but urged them to remain focused and resilient. Minister of Humanitarian Affairs and Poverty Reduction, Prof Nentawe Yilwatda
1 Nov
The 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.
1 Nov
President Bola Tinubu has approved the release of N10 billion in Medical Relief Programme for the provision of vital drugs to those in need, especially those affected by flooding.
28 Oct
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, are optimistic that ongoing efforts will flip the foreign exchange (FX) soon and see the naira gaining significantly against the dollar.
24 Oct
The minister of finance and coordinating minister of the economy, Wale Edun, announced on Wednesday that the country’s gross foreign reserves have grown due to the government’s decision to stop defending the naira through heavy interventions. Edu made this known on Wednesday during a Nigeria fixed income meeting with foreign investors in Washington, D.C. The…
24 Oct
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that Nigeria would continue to prioritise
19 Oct
Successive administrations in the country have in the past
labored in vain to deregulate the downstream petroleum sector, amid resistance from groups such as the Nigeria Labour Congress and the Trade Union Congress.
18 Oct
The share of Nigerians living below the national poverty line has risen from 40.1 per cent in 2018 to 56 per cent as of this year, the World Bank has said.
12 Oct
Premium Motor Spirit (PMS) marketers can now purchase the product directly from the Dangote Refinery as full deregulation of the downstream sector takes off.
3 Oct
The Federal Government has announced the removal of Value Added Tax (VAT) on diesel, Liquefied Natural Gas (LNG), also known as cooking gas, Compressed Natural Gas (CNG), and Electric Vehicles (EVs), among others.
Latest
6 mins ago
Stakeholders from the Niger Delta region have cried out to President Bola Ahmed Tinubu over alleged breach of the law by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) while carrying out the bid round and licensing of oil blocs. In an open letter addressed to President Bola Tinubu dated 31st December 2024, the stakeholders claimed…
7 mins ago
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says the 150,000 barrels per day (bpd) Port Harcourt Refinery and Kaduna Refinery are undergoing a comprehensive overhaul, designed to meet world-class standards. The company said the rehabilitation done at the 60,000 bpd Port Harcourt Refinery and Warri Refinery was not the typical Turnaround Maintenance (TAM) of…
15 mins ago
The Borno State Urban Planning and Development Board (BSUPDB) has banned street hawking and other illegal activities in Maiduguri metropolis. The General Manager of the board, Mr Limán Mustapha, in a statement on Friday, said the ban was in accordance with the Borno State Urban Planning and Development Law of 2002. He said the board…
16 mins ago
Reno Omokri, former Nigerian presidential spokesperson and bestselling author, has become the first Nigerian to abseil down and climb back up Victoria Falls. The feat was accomplished on New Year's Day, January 1, 2025. Omokri completed the descent and ascent of the Batonka Gorge, a 354-foot drop, without a guide, using only ropes and a…
1 hour ago
The New Year is like opening a fresh chapter in the book of life. It’s a chance to pause, think about the past, and set your eyes on a better tomorrow. While many people chase after big changes, it’s often the small, steady steps that lead to lasting transformations. This January, instead of overwhelming yourself…
1 hour ago
Nigeria Civil Aviation Authority (NCAA) has said that with its enhanced safety surveillance, the Nigerian airspace has become safer. Acting Director General, Civil Aviation, Capt Chris Najomo
1 hour ago
Ekiti State Governor, Biodun Oyebanji, has appealed to Nigerians to stop making negative comments and confessions about the country. He also sought support for President Bola Tinubu, in his avowed determination to achieve a positive turnaround of the country and better life for the citizenry.
1 hour ago
Plateau State Governor, Caleb Mutfwang, has said 2025 will be a year of ground-breaking achievements, including massive road construction projects, and revitalisation of the tourism and agricultural sectors
1 hour ago
The Federal Government has commenced the deployment of locally-assembled Lanre Shittu Motors’ brand of Compressed Natural Gas (CNG)-powered buses for airport shuttles.
1 hour ago
Fresh drama unfolded yesterday regarding the state of Nigeria’s refineries, which are being rehabilitated for $2.9 billion, as former President Olusegun Obasanjo and the Nigerian National Petroleum Company Limited (NNPCL) disagreed over the return of some of the facilities.