Nigerian Stock Market Records N1.95trn Gain in January   Despite cautious trading sentiment among investors, the Nigerian stock market experienced a remarkable surge in January 2025, with its market capitalization increasing by a significant N1.95 trillion. This emerged as the Minister of Finance and Coordinating Minister of...

Edun to MDAs: Adhere to Cash Policy to Avoid Funding Disruptions   Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has issued a stern warning to government ministries, departments, and agencies (MDAs) to comply with the revised cash management policy. Failure to do...

Finance Ministry Establishes Committee to Tackle Corruption   The Federal Ministry of Finance has inaugurated its Anti-Corruption and Transparency Unit Committee to enhance transparency and accountability within the public service. This was according to a statement by the Director of Information and Public Relations at the Ministry...

Nigeria has made a significant move to enhance its economic ties with Saudi Arabia through a high-level visit to Riyadh led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. 

Nigeria, Bloomberg Partner to Attract Economic Investment The Federal Ministry of Finance Incorporated (MOFI) has entered into partnership with financial giant Bloomberg. The two-year initiative aims to highlight the country’s economic potential and address investor hesitations rooted in outdated or negative perceptions. During a meeting held in...

FG Expenditure Exceeds Revenue by N4.5tn– Report The Federal Government’s expenditure exceeded its accrued revenue in the first six months of 2024, resulting in a budget deficit of N4.53tn, a new report from the budget office has indicated. The deficit spending was driven by a 73.91...