Edun, Cardoso Seek Increase In World Bank Support for Nigeria
Mr. Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, has called for more support from the World Bank for Nigeria, expressing hope that the multilateral institution will appreciate the reforms conducted...
Naira Slumps To N1,340/$1 At Parallel Market, FX Shortages Persist
Hopes of local and international businesses getting foreign exchange suffered a set-back as the naira slumped to fresh lows against the US dollar at the official and parallel markets at the weekend. This comes as...
Finally, FG Receives $2.25bn Afrexim Bank Loan
By Nafisat Bello
The Federal Government on Friday received a $2.25b foreign exchange support facility from the African Import-Export Bank.
The Minister of Finance, Wale Edun, who confirmed this to Arise TV, said it is the first tranche of the...
We're Targeting $13bn Revenue From National Assets - Finance Minister
Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun yesterday in Lagos unveiled plans to leverage the nation’s assets to generate about $13 billion annual revenue.
Edun disclosed this while speaking at the...
FG Targets More Tax Revenue as Global Rates Rise
The Federal Government has said it will focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and payments that are due to the government.
The Minister of Finance and...
W/Bank Delays $8.6bn Loan To Nigeria, Report Says
Nigeria has about $8.25bn undisbursed World Bank loan as of July 2023.
This was based on data obtained from the Summary Statement of Loans/Credit/Grants on the website of the World Bank.
A breakdown further showed that the undisbursed loans...
