The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced in Lagos that the federal government has ceased funding its financial obligations through Ways and Means.  

CBN Clarifies Controversy, Withdraws Policy Document The Central Bank of Nigeria (CBN) has made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. It disclosed this in a new statement...

CBN Allocates $2.9bn to Oil Sector The Central Bank of Nigeria (CBN) has released a total sum of $2.97bn to oil sector players for the importation of petroleum products and other related items into the country. The amount released between 2022 and the first quarter of...

Foreign Reserves Net Inflow Rises $2.35bn in Seven Months - Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves have seen a net inflow of about $2.35bn into the Central Bank’s coffers. Edun disclosed this at the Corporate...

Shettima to Attend UNGA79 Annual Summit - Tinubu President Bola Tinubu has requested Vice President Kashim Shettima to attend the 79th session of the United Nations General Assembly in New York this year in his stead. VP Shettima will lead Nigeria’s delegation to the annual summit. Tinubu...

Revenue Increase, Better Compliance, Others Necessary for Tax Reforms - FIRS The Chairman of the Federal Inland Revenue Service (FIRS), Dr Zaach Adedeji, yesterday explained that Nigeria’s tax system reforms are driven by the need for increased revenue, better compliance, and more equitable economic practices. Adedeji...