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.  

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

Dangote Refinery Begins Fuel Distribution Tomorrow – FG The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) on Sunday. Edun, who was represented by the Executive Chairman, Federal Inland...

FG, World Bank Collaborate on Power Sector Reforms The Federal Government and the World Bank have expressed their commitment to providing electricity access to 300 million people across Africa by 2030. This was as they promised to implement critical reforms to boost productivity in the Nigerian...

The first-ever foreign-currency domestic bond issued by Nigeria has garnered a significant response, with $900 million in subscriptions secured. 

Dismiss Reports, VAT Remains 7.5% – Edun Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday dismissed circulating reports that the Value-Added Tax (VAT) rate has been increased from 7.5% to 10%. In a statement signed by him, the Minister confirmed...