The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N1.143.210 trillion between the Federal Government, State, and Local Government Councils in the country from May 2024 Federation Accounts Revenue. The revenue was shared at the June 2024 FAAC meeting, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale…

Socio-Economic Rights and Accountability Project (SERAP) has sued the Federal Government at the Federal High Court, Lagos, over failure to publish details of the loans obtained by the governments of former Presidents Olusegun Obasanjo, Umaru Yar’Adua, Goodluck Jonathan and Muhammadu Buhari.

The Nigeria Customs Service (NCS) has generated N1,085,663,678 in revenue within the three months grace period for regularising import duties for certain vehicle categories improperly imported into the country. 

In a fresh push to pull Nigeria’s ailing economy out of the woods, the federal government has rolled out new deals under what it calls the Accelerated Stabilisation and Advancement Plan (ASAP).

President Bola Tinubu, yesterday, directed the Minister of Finance, Wale Edun, to come up with cost implications of the new minimum wage

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the Federal Government is offering credit facilities to businesses, including manufacturers, up to ₦1 billion at a 9% interest rate. Speaking on Channels Television’s Sunday Politics programme, Edun explained that the current administration recognises the challenges entrepreneurs face in accessing…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged stakeholders not to wait until the five-year validity period of the minimum wage expires before negotiating a new living wage. Edun made this statement during his appearance on Channels Television’s Sunday Politics programme, saying that in a democratic system, the wage…

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 craving by the Federal Government to leverage workers’ N20 trillion pension funds, among other sources of funds in the savings industry, to presumably ramp up infrastructure and housing will not augur well for workers and the economy.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the government is working on the economic and investment climate to attract more multinationals into Nigeria. Edun, who was a guest on Channels Television’s Sunday Politics programme, said multinational companies exiting the country did not have a liquid foreign exchange market. He…

Naira yesterday surged to a new height of N1,173.88 at the official while appreciating slightly to N1,480 as against N1,500 it was on Monday at the unofficial market.

The federal government is finalising a six-month emergency economic plan to revive the country’s ailing economy. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed this yesterday in Abuja during the sectoral report of President Bola Tinubu...