The Federation Account Allocation Committee (FAAC), at its September 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.203 Trillion to the three tiers of governm ...
n a groundbreaking move poised to revolutionize Nigeria's energy landscape, the Dangote Refinery has today commenced supply of Premium Motor Spirit (PMS) to the Nigerian National Petroleum Corporation Limited (NNPCL. This bold initiative, championed ...
In a landmark move towards reducing pressure on the Naira, eliminating unnecessary transaction costs, and improving availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as ...
In a significant step towards transforming Nigeria's power sector, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has met with Guangzhe Chen, Vice President for Infrastructure at the World Bank, to discuss b ...
In its avowed determination to improve economic growth and development in Nigeria, the Federal Government has called on Public Servants in the country to embrace digitization and innovation in their workplaces as key drivers in the promotion of serv ...
In a groundbreaking achievement, Nigeria has successfully launched its first domestic dollar-denominated bond, shattering records and signalling a new era of financial innovation and economic growth. With over $900 million raised, this milestone mar ...
In a decisive move to combat soaring food prices and alleviate the burden of inflation on Nigerians, the Federal Government has proposed a temporary zero-duty levy on selected food imports. This strategic initiative announced by the Honourable Minist ...
In a significant stride towards making home ownership a reality for millions of Nigerians, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja, convened a high-level meeting to d ...
The Federal Government has officially debunked reports suggesting that the President Bola Ahmed Tinubu-led Administration plans to raise Nigeria’s Value-Added Tax (VAT) from 7.5% to 10%. In a statement issued earlier this morning, the Honourable Min ...
*1. FOOD INFLATION SEEN REVERSING ON FUEL PRICE HIKE Business Day, Page 1-31* In July 2024, food inflation declined to 39.53 percent from 40.87 percent in June. It was a relief for many families who were spending most of their incomes on food. Howe ...
