On Thursday in Abuja, Minister of Finance Mr Wale Edun addressed a press conference and gave a mid-year report on the economy. The Minister told the press what President Tinubu’s administration had done in the last year to address some of the structural imbalances in the economy, working with the fiscal and monetary authorities. The Minister, who will now address …

The Federal Government has reiterated its commitment to the full implementation of the 2024 Budget. It also pledged to promote a transparent and efficient financial management system. The commitments were made yesterday by the Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun. He spoke during a meeting with the House of Representatives Committee on Public Accounts at the …

The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, on Monday, hinted at plans by the parliament to enact laws that would boost funding for agricultural activities to achieve the national goal of food security. Describing the fate of crude oil as uncertain, the speaker emphasised the importance of diversifying the nation’s economy, particularly in respect to agriculture. …

Nigeria’s inflation narratives took a controversial twist yesterday as the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), gave its own figure contradicting that of the National Bureau of Statistics (NBS), by a wide margin. The NBS had released its Consumer Price Index (CPI), for June 2024 reporting that the headline inflation rate increased by 0.24 percentage …

Former President Goodluck Jonathan said the present socio-economic uncertainty which had sent shivers to all nooks and crannies of society would also be overcome by the grace of God. Jonathan noted that while the federal government is doing its best to salvage the situation, what the country needs now is collaborative efforts in finding solutions to the present economic hardship. …

The Senate has extended the life cycle of the 2023 supplementary budget from 30 June to 31 December 2024. The upper chamber of the National Assembly on Thursday suspended all its rules and gave an expeditious passage to a bill seeking the extension in less than 20 minutes. Earlier before the passage of the bill, the lawmakers went into a …

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has declared that Nigeria’s economy has been revamped, citing positive trends in key economic indicators. Edun made the declaration while briefing State House correspondents after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu on Tuesday. The Minister, who said he presented a memorandum to …

Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the Minister of Solid Minerals Development, Dele Alake disclosed on Sunday. He said the sales have delivered a $5m increase in Nigeria’s foreign reserves, 70 plus kilograms of gold refined to the London Bullion Market Good Delivery Standard and successful aggregation of locally mined …

The presidency has called on Nigerians to embrace subsistence farming to address the challenge of the rising cost of food. The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, made the call at a meeting with a group of online editors, under the aegis of the Association of Corporate Online Editors (ACOE) in Abuja. A statement …

A cross-section of residents of the Federal Capital Territory (FCT), says they can no longer fend for their families due to the rising cost of foodstuff. The residents, who spoke in separate interviews with the News Agency of Nigeria (NAN) on Friday in Abuja, said that eating beans and yam have become a luxury due to its high cost. This, …