Edun, Cardoso Team Up to Boost Fiscal-Monetary Policy Synergy
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso yesterday, convened a high-level meeting in Abuja, to advance ongoing...
Nigeria Spends $4bn on Steel Imports Annually
The Minister of Steel Development, Prince Shuaibu Abubakar Audu, has said Nigeria imports about $4 billion worth of steel annually, stressing the need for import substitution to reduce pressure on foreign exchange (forex).
Speaking during a visit to the...
FG Attracts $14bn, €250m Investments From Netherlands, India
Nigeria has secured an investment of $14bn from India, spanning multiple sectors, according to the Minister of Foreign Affairs, Yusuf Tuggar.
The announcement was made during the 5th Ministerial Press Briefing in Abuja on Thursday.
In addition to the...
FG to Disburse N400bn Gas Fund to Beneficiaries in 2 Weeks
The Federal Government has said that it is going to provide another N400bn gas infrastructure fund to beneficiaries of the scheme in the next two weeks.
The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed...
51% Rise in Food Import Sparks Price Hike Fears
Agriculture stakeholders have predicted a new cycle of food price hikes by midyear of 2025 following increased food imports in 2024.
The value of food imports in the previous year grew by 51.06 per cent to N3.78tn...
FIRS, Flutterwave Collaborate on Digital Tax Platform
The Federal Inland Revenue Service (FIRS) has integrated Flutterwave’s payment technology to enable seamless digital tax collection, making the fintech company one of the few supporting the government’s efforts to modernise tax payments.
Flutterwave disclosed this in a statement...
