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Tag: Wale Edun
FG declares end of fuel, FX subsidies
The federal government has officially announced the end of fuel and foreign exchange (FX) subsidies, marking the conclusion of a long-standing policy. The decision was disclosed by Wale Edun, Minister…
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Nigeria spends $600m monthly on fuel import — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends $600m on fuel importation monthly. He stated that the high import…
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Diaspora remittances: Federal Goverment to issue $500m security in August
Nigeria’s Finance Minister Wale Edun announced a plan to sell $500 million of securities to diaspora Nigerians, aiming to attract foreign currency. Edun emphasized the significance of this move at…
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Tinubu’s Govt Seeks $1.5bn Loan To Shore Up Naira, Boost Budget
Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. “We’re hoping to get $1bn or $1.5bn from…
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World Bank names Finance Minister Wale Edun as Chairman of the African Governors’ Forum
The World Bank has chosen Wale Edun, the Minister of Finance and Coordinating Minister of the Economy of Nigeria, to lead the African Governors' Forum According to the Ministry…
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