For the second consecutive month, Nigeria’s inflation rate has dropped. According to the Consumer Price Index (CPI) report, released on Tuesday by the National Bureau of Statistics (NBS), headline inflation eased to 22.97% in May, this year, from 23.71% in April. It was 24.23% in February. Experts agreed that the stability in the foreign exchange rates, reduction in energy costs …

The Joint House of Representatives Committee on Public Accounts and Public Assets have invited the Minister of Finance, Wale Edun, and the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to appear before it on Monday over allegations of non-compliance with the provisions of the Fiscal Responsibility Act, 2007. Edun and Cardoso are also expected to answer questions on the …

The Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun, has charged top management staff of the Federal Ministry of Finance to drive reforms that will accelerate Nigeria’s GDP growth to seven per cent per annum in line with the Renewed Hope Agenda of the Tinubu administration. This was disclosed in a statement on Friday by the …

The House of Representatives on Thursday summoned the Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Budget and Economic Planning, Atiku Bagudu; the Accountant-General of the Federation, Babatunde Ogunjimi and the Auditor-General for the Federation, Mr Shaakaa Chira, over non-payment of contractors since 2024. The resolution of …

The Nigeria Customs Service (NCS) Board on Tuesday (29 April 2025), held its 62nd regular meeting at the Service’s Headquarters in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. The high-powered delegation to the meeting also used the occasion to assess the Service’s first-quarter performance and chart the path forward. The board …

Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, has said that the tariff in the telecommunications sector would be reviewed periodically. Edun spoke to Arise TV, yesterday at the ongoing 2025 World Economic Forum (WEF), in Davos, Switzerland. The Nigerian Communications Commission, NCC, had on Monday, granted approval to telcos to implement a 50 per …

The Senate on Thursday took on the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, over how much the Federal Government has saved and spent since the removal of fuel subsidy in June 2023. Edun, who appeared before the Senate for the defence of the 2025 budget, was also taken to task on how much the Federal …

The Federal government yesterday approved a N250 billion real estate investment fund aimed at providing affordable, long-term mortgages to Nigerians. The approval, the government explained, was part of the efforts to tackle Nigeria’s severe housing deficit and stimulate long-term economic growth. This was disclosed by the Minister of Finance, Wale Edun, while briefing State House correspondents at the end of …

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has said that Nigeria’s $500 million domestic bond was oversubscribed despite warnings from the International Monetary Fund (IMF) not to issue the bond. On 15 August, the Federal Government launched a $500 million domestic bond, which commenced subscription five days later at $1,000 per unit to interested investors. …

In a groundbreaking move, Nigeria has commenced the sale of crude oil and refined petroleum products in Naira In a statement on Saturday, the Director of Information and Public Relations in the Federal Ministry of Finance, Mr. Mohammed Manga said that the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun announced that, in line with the …