*In a groundbreaking move, the Federal Government of Nigeria has launched a $500 million domestic bond, marking a significant milestone in the country’s economic reform and development journey. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while unveiling the Series I USD500 Million Domestic FGN US Dollar Bond today...
Category: Financial Report
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FG INAUGURATES TECHNICAL SUB-COMMITTEE ON NAIRA-BASED CRUDE SALES TO LOCAL REFINERIES*
In a significant step towards enhancing Nigeria’s refining capacity so as to promote economic growth and development of the country, the Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy,...
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FINANCE MINISTER LEADS STRATEGIC MEETING ON NNPCL CRUDE SALES IN NAIRA*
In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met...
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NIGERIA-CHINA ALLIANCE: WALE EDUN MEETS CHINESE DELEGATION, DISCUSSES ENHANCED COOPERATION TO BOOST INVESTMENT OPPORTUNITIES IN NIGERIA*
Jeffrey Adaralegbe, Nigeria The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level Chinese delegation led by Minister Counsellor Wang Yingzi today in his office in Abuja, marking a historic step to strengthen economic ties and open up new investment opportunities in the nation. This event laid the...
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NIGERIA, US FORTIFY BILATERAL RELATIONS EXPLORES ECONOMIC COLLABORATION, SOCIO-ECONOMIC SOLUTIONS*
Jeffrey Adaralegbe, Nigeria Today, U.S. Ambassador R ichard Mills was received in the office of Mr. Wale Edun, the Honorable Minister of Finance and Coordinating Minister of the Economy, in an effort to strengthen bilateral relations and open up new opportunities for economic growth and socio-economic development in the nation. The purpose of the meeting...
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FG INAUGURATES STEERING COMMITTEE FOR THE ESTABLISHMENT OF DIGITAL FREE ZONES TO BOOST GLOBAL TECH, FINANCE, SERVICES-BASED BUSINESSES*
The Federal Government of Nigeria has initiated an initiative to create Digital Free Zones in the nation, with the goal of positioning the country as a global hub for digital trade and innovation. A steering committee, chaired by President Bola Ahmed Tinubu GCFR, has been formed to oversee the establishment of these digital free zones,...
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FG STEPS UP EFFORTS TOWARDS ACCELERATING PRESIDENTIAL CNG INITIATIVE*
*In a bold move to drive economic growth and energy security in the country, the Federal Government has conveyed a high-level meeting with key stakeholders on Monday at the Federal Ministry of Finance Headquarters, Abuja to discuss accelerating the Presidential CNG Initiative (Pi-CNG) with the aim of providing affordable and sustainable energy solutions to Nigerians....
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CAUCUS TO TACKLE TARIFF AND NON TARIFF BARRIERS TO AFRICAN TRADES FOR SUSTAINABLE GROWTH AND SHARE OF GLOBAL TRADE
The 2024 African Caucus Meeting of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) was held in Abuja, Nigeria, from August 1–3, 2024. The meeting was organized by the Federal Ministry of Finance, under the direction of Mr. Wale Edun, the Honorable Minister of Finance and Coordinating Minister of the...
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Kwara IRS Refutes Claims of Ethnic Bias in Tax Policies
The Kwara State Internal Revenue Service (KW-IRS) has strongly denied recent allegations of discriminatory tax practices against Igbo traders, as reported by the International Centre for Investigative Reporting (ICIR). According to KW-IRS, these allegations are baseless, malicious, and aimed at sowing discord. In a statement released on Saturday in Ilorin and signed by Funmilola Oguntunbi,...
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AFRICAN CAUCUS 2024: EDUN WELCOMES GUESTS TO ADDRESSING CHALLENGES AND OPPORTUNITIES, INCLUDING TRADE FACILITATION, CINNECTIVITY, ENERGY ACCESS
The Federal Government of Nigeria extends a warm welcome to distinguished guests at the African Caucus 2024 in Abuja, led by the Honorable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in a noteworthy show of African solidarity. This pivotal gathering brings together leaders and experts from across the continent to...