Nigeria’s first-ever domestic US dollar bond has been named West Africa Deal of the Year at the 2025 Global Banking & Markets Africa Awards, following a highly successful issuance that raised $917 million. Announced by the Debt Management Office (DMO) on August 19, 2024, the bond initially targeted $500 million but was oversubscribed by 180%....
Category: Financial Report
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IMF BACKS NIGERIA’S SINGLE WINDOW TRADE PROJECT AMIDS ECONOMIC REFORMS
Nigeria’s quest for economic greatness has received a significant boost as the International Monetary Fund (IMF) has indicated its support for the Single Window Trade Project, a groundbreaking initiative poised to streamline trade, increase revenue, and propel the country to the forefront of African economies. The IMF’s intention of support was indicated during a meeting...
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PRESIDENT TINUBU APPOINTS MRS LYDIA SHEHU JAFIYA TO NNPC LIMITED BOARD AS FINANCE REPRESENTATIVE
In a significant move to reconstitute the Nigerian National Petroleum Company (NNPC) Limited Board, President Bola Ahmed Tinubu has appointed Mrs Lydia Shehu Jafiya mni, Permanent Secretary, Federal Ministry of Finance, as a member of the new Board. This appointment is part of a broader restructuring effort aimed at enhancing operational efficiency, restoring investor confidence,...
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EDUN UNVEILS STABILISATION PROGRESS, ECONOMIC PRIORITIES IN ABUJA BRIEFING
In a landmark virtual briefing, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun presented a comprehensive update on Nigeria’s economic trajectory to selected members of the media, highlighting significant progress, key priorities, and strategic initiatives to drive sustainable growth and development in the country. The Minister’s briefing provided a...
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WALE EDUN HOSTS EU ENVOY, PAVES WAY FOR EXPANDED TRADE, INVESTMENT
In a significant step towards deepening economic cooperation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in his office in Abuja, hosted the European Union (EU) Ambassador to Nigeria, Mr. Gautier Mignot, for a high-level discussions aimed at strengthening EU-Nigeria economic ties. The meeting spotlighted the EU’s €1.3...
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WALE EDUN LAUDS AfDB’s ROLE IN ACCELERATING NIGERIA’S ECONOMIC GROWTH
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has commended the African Development Bank (AfDB) for its pivotal role in driving Nigeria’s economic revitalisation. This praise follows a high-level meeting with an AfDB delegation led by Dr. Abdul Kamara, Director General, Nigeria Country Department, who came to deepen collaboration...
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FEDERAL GOVERNMENT ENDORSES LAGOS INTERNATIONAL FINANCIAL CENTRE INITIATIVE
The Federal Government has formally endorsed the creation of the Lagos International Financial Centre (IFC), a strategic move aimed at positioning Nigeria as a top-tier global financial hub. Speaking at a high-level engagement with EnterpriseNGR, Citi UK, and senior Lagos State Government Officials, in his office in Abuja today, the Honourable Minister of Finance and...
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FG, OECD DEEPENS TIES TO DRIVE ECONOMIC REFORMS,ATTRACT INVESTMENT OPPORTUNITIES
The Federal Government has expressed commitment to deepening its economic ties with the Organisation for Economic Co-operation and Development (OECD) with a view to harmonised data systems in order to support reforms, attract investment, and create opportunities for the country’s youth. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,...
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EDUN CHAMPIONS FISCAL DATA HARMONISATION EFFORT*
In a bold move to revolutionize Nigeria’s economic landscape, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has spearheaded a high-level Fiscal Data Harmonisation Meeting (FDHM), marking a significant milestone in the country’s quest for economic stability and transparency. The meeting which was held in his office in Abuja,...
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FG FLAGS OFF BENIN-ASABA EXPRESSWAY: A LANDMARK IN PRIVATELY-FINANCED INFRASTRUCTURE DEVELOPMENT
The Federal Government of Nigeria, in collaboration with Africa Plus Partners, today flagged off the 125km Benin–Asaba Expressway Project in Edo State, marking a significant milestone in the country’s infrastructure development and a testament to the power of private sector partnership. The groundbreaking ceremony, which took place at the project site inBenin-City, the Edo State...