Nigeria’s Foreign Reserves hit $40.2bn as Naira defence eases
Nigeria's foreign reserves increased to $40.2 billion in October 2024, up from $38.4 billion in September, according to Central Bank ...
Tag: Wale Edun
Nigeria opens fuel market as refinery sell to marketers directly
Nigeria's local fuel traders can now directly purchase petrol from the Dangote Oil Refinery, ending the state-owned NNPC's long-held exclusive ...
Wale Edun denies VAT increase to 10%, confirms 7.5% rate
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has dismissed rumours that the government has raised ...
Nigeria’s foreign reserves increase by $4bn since January
Nigeria’s foreign reserves have seen a significant increase of $4 billion since January, according to Wale Edun, the Minister of ...
Nigeria’s Oil Revenue Rises to 30% Amid Fiscal Reforms
The Federal Government has announced a significant increase in Nigeria's oil revenue, which grew from 11% in the first half ...
FAAC Disburses N1.143 Trillion for May 2024
The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.143 trillion as the total revenue for May 2024. ...
Nigeria Offers N1 Billion Credit to Boost Economy
The Nigerian government has unveiled a significant financial initiative to stimulate economic growth, Finance Minister Wale Edun has revealed plans ...
Oil Sector Gets $7B Investment Boost
In a significant development for Nigeria’s oil and gas sector, Minister of Finance and Coordinating Minister of the Economy, Wale ...
African Finance Leaders Chart Path for Growth
Nigeria, along with eleven other members of the African Consultative Group (ACG), has demanded sufficient and reasonably priced funding to ...
Nigeria’s $2.25 Billion Loan Under World Bank Review
The Nigerian finance ministry has announced that the World Bank will assess and potentially approve Nigeria's $2.25 billion loan request ...
