The Federal Executive Council (FEC) has granted approval for two significant loans, one from the World Bank and another from the African Development Bank (AfDB). The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that Nigeria secured a $1.5 billion loan from...
Today, President Bola Tinubu launched the Renewed Hope Conditional Cash Transfer program, aimed at benefiting 15 million households. The launch coincided with World Poverty Eradication Day and was conducted at the Press Gallery of the State House in Abuja. Representing the President, the...
The federal government of Nigeria is on the brink of securing a substantial budget support facility amounting to $1.5 billion from the World Bank, announced Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. This significant development was disclosed during the...
Nigeria's Finance Minister, Wale Edun, has underscored the critical importance of stabilising the naira before contemplating the termination of oil subsidies. In a recent dialogue with The Africa Report, Edun conveyed his mission to reassure global investors about Nigeria's unwavering commitment...
The Nigerian naira showed signs of improvement as it appreciated to N736.62 per US dollar at the Investors and Exporters (I&E) window, which serves as the official exchange rate window in the country. This represents a notable 4.53 percent appreciation from the previous rate of N771.59 on the...
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