30 results
- 7 Aug 2024
FG spends $600m monthly on fuel importation – Minister of Finance, Wale Edun
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has revealed that Nigeria currently spends $600 million each month on fuel imports. Wale Edun Edun attributed this high…
- 9 Sept 2024
VAT Not Raised To 10 Percent Says Edun, Finance Minister
Wale Edun, minister of Finance and Coordinating Minister of the Economy has debunked reports making the rounds that the rate for Value-Added Tax (VAT) has been increased from 7.5% to 10%. Wale Edun…
- 4 Jun 2024
FG Giving Businesses up to ₦1Bn Loan @ 9 Percent Interest Rate — Wale Edun
Wale Edun, minister of Finance and Coordinating Minister of the Economy, has said that the federal government is offering businesses including manufacturers in the country credit facilities up to…
- 27 Jul 2025
Edun, Finance Minister Inaugurates NDIC New Management
Mr Wale Edun, minister of Finance and coordinating minister of the Economy, has inaugurated Mr Thompson Oludare Sunday, new managing director/chief executive officer of the Nigeria Deposit Insurance…
- 21 Apr 2026
Cabinet Shake-Up: President Bola Ahmed Tinubu Replaces Wale Edun, Ahmed Dangiwa
President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of…
- 4 Jun 2024
Tinubu Asks Edun, Finance Minister to Present New Minimum Wage Template in 48 Hours
President Bola Tinubu has directed Minister of Finance, Wale Edun, to present a new minimum wage template in 48 hours following the agreement reached with organized labour. Mohammed Idris, Minister…
- 1 Apr 2026
Nigeria, Others Lose $88bn Yearly to Illicit Flows —Edun
Wale Edun, minister of Finance and Coordinating Minister of the Economy, has raised concern over Africa’s mounting revenue losses, warning that the continent forfeits an estimated $88 billion…
- 24 Nov 2024
Subsidy Removal and Naira Float Policies Save Nigeria $20bn - Edun
Wale Edun, Nigeria's minister of finance and coordinating minister of the economy, revealed that the country has saved $20 billion through the removal of petrol subsidies and the adoption of…
- 15 Apr 2024
Edun Hails SecureID Over Digitization Efforts
Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has praised the smartcard manufacturing company, SecureID Limited, for its sustainable contributions to the country’s…
- 25 Mar 2025
FG to Harmonise Fiscal Data Across MDAs
Efforts to harmonise fiscal data across government institutions have commenced in earnest, with Mr Wale Edun, minister of Finance and Coordinating Minister of the Economy, spearheading the meeting to…
- 23 Sept 2024
FEC Approves Bill to Amendment Company Income Tax
Federal executive committee (FEC) has approved the economic stabilisation bill seeking amendment of tax policies, according to Wale Edun, minister of finance and coordinating minister of the economy.…
- 22 Apr 2024
Nigeria Secures $2.25bn World Bank Loan with 1% Interest Rate
Wale Edun, Minister of Finance and coordinating minister of the economy has announced that Nigeria has secured a $2.25bn World Bank loan with a 1% interest rate. Speaking at the annual meetings of…
- 24 Jan 2025
FG Says 50 Percent Telecom Tariff Hike is Only a Start
Wale Edun, minister of Finance, has stated that the recently approved 50 percent tariff increase in the cost of telecommunications services is only a starting point. He noted that it is necessary to…
- 12 Apr 2026
FG Slashes Import Duties on Cars, Rice, Palm Oil in 2026 Fiscal Policy
Federal Government has approved sweeping 2026 fiscal measures slashing import duties on vehicles, rice, palm oil, sugar, and other essentials while introducing new taxes and protections to bolster…
- 13 May 2024
FG to Receive $2.25Bn Fresh Loan From World Bank on June 13
Federal government will receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25billion on June 13, 2024. Recall that Wale Edun, minister of Finance, at…
- 22 Apr 2024
FG to Secure Fresh $2.25Bn World Bank Loan
Federal government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. Wale Edun, finance minister, unveiled this milestone during a joint press…
- 11 Feb 2025
Afreximbank Invests $52bn in Nigeria, Plans Energy Bank
The African Export-Import Bank (AFREXIMBANK) has invested a total of $52 billion in Nigeria, making the country the largest recipient of the bank’s trade and development financing. Prof. Benedict…
- 31 Oct 2024
FG Launches Amnesty to Allow Deposits of Forex outside Banking System
Federal government has unveiled a new policy for Nigerians to deposit dollar bills held outside the formal banking system without scrutiny. Nigerians have nine-month deadline to do this according to…
- 31 Oct 2024
FG Offers Nine-month Amnesty for Illegal Dollar Holdings
Federal Government on Thursday announced a nine-month programme beginning on October 31 that allows individuals to deposit dollar bills held outside the formal banking system without scrutiny. Wale…
- 17 Jan 2024
FG Seeks $1.5Bn Loans from World Bank to Boost Naira
Nigerian government is actively pursuing a $1.5 billion loan from the World Bank to address the severe dollar shortage that has been contributing to the depreciation of the naira. Wale Edun, finance…
- 6 Dec 2023
Airtel Africa Urges Enhanced Public-private Collaboration for Climate Action in Africa @ COP28
Segun Ogunsanya, group CEO of Airtel Africa plc, has reaffirmed the importance of an enabling policy environment for sustainable development and climate action in partnership with Africa’s private…
- 24 Oct 2024
World Bank Plans Internet Access for 300m Women by 2030
Ajay Banga, the World Bank President, has unveiled plans to connect 300 million women to internet access by 2030. This initiative is part of the World Bank’s broader strategy to tackle gender…
- 21 May 2024
Tinubu’s Government Takes $4.1Bn Loan in One Year
President Bola Ahmed Tinubu whose administration will be a year old in a few days has got a total of $4.1 billion loan Bola Ahmed Tinubu Available data showed that the federal government first took…
- 23 Feb 2025
Flutterwave Visits Tinubu, Seeks Support to List on NGX
Flutterwave, leading financial technology (fintech) company, has sought the support of President Bola Tinubu as it plans to list its shares on the Nigerian Exchange (NGX) Limited. Mr Olugbenga…
- 21 Jun 2024
$750m World Bank Loan: FG May Reintroduce Telcoms, Gambling Taxes
Federal government may reintroduce the controversial telecom tax and other fiscal measures to fulfill one of the conditions for The World Bank’s fresh $750 million loan to Nigeria. Experts have…
- 12 Feb 2025
Nigeria Received $52Bn from Afreximbank in 10 Years – Oramah
Prof. Benedict Oramah, president , Africa Export-Import Bank, (Afreximbank), has revealed that Nigeria is the highest recipient of intervention funds from the bank, amounting to $52 billion in the…
- 23 Oct 2023
FG Seeks Fresh $3.45Bn World Bank Loan for 5 Projects
President Bola Tinubu’s government has approved the application for a $3.45 billion loan to finance five items. This decision was reached during the Federal Executive Council (FEC) meeting on Monday,…
- 7 Aug 2024
FG Inaugurates Steering Committee for Establishment of Digital Free Zones
In a bid to position Nigeria as a hub for global digital trade and innovation, the federal government has inaugurated a steering committee to oversee the initiative for the establishment of digital…
- 4 Feb 2025
FEC Approves ₦758 Billion Bond to Clear Pension Liabilities
Federal Executive Council (FEC) has approved the issuance of a ₦758 billion bond by the Debt Management Office to clear the backlog of pension liabilities for all categories of pensioners. The…
- 29 Dec 2023
SEC says Nigeria’s Potential for Islamic Finance Jurisdiction Outstanding
The Securities and Exchange Commission (SEC) has said Nigeria has the potential to join the leading global Islamic finance jurisdictions. Mr. Lamido Yuguda, Director General, SEC, said this when the…