Economy
-
FG, UN move to boost intra-African trade, sustainable growth at Africa Caucus 2024
The Deputy Secretary-General of the United Nations, Dr. Amina Mohammed on Friday met with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to discuss preparations for the forthcoming Africa Caucus 2024 with a view to boosting Intra-African Trade and Sustainable Growth. Director, Information and Public Relations, Federal Ministry of finance, Mohammed Manga in a…
Read More » -
FG’s direct cash transfer programme benefits 600,000 households, says Finance Minister
By Kunle Sanni The Federal Government’s direct cash transfer programme has provided financial relief to over 600,000 households, according to Minister of Finance Wale Edun. Speaking at a half-year review ministerial press briefing in Abuja on Thursday, themed “Economic Recovery and Growth: Progress and Prospects 2024,” Edun emphasized the programme’s crucial role in aiding vulnerable families and supporting economic recovery…
Read More » -
Repositioning the economy, what the numbers are saying
By Temitope Ajayi On Thursday in Abuja, Minister of Finance Mr. Wale Edun addressed a press conference, providing a mid-year report on the economy. The Minister outlined the measures President Tinubu’s administration has taken over the past year to address structural imbalances, working closely with fiscal and monetary authorities. The Minister, who will now hold quarterly media briefings on the…
Read More » -
Pres. Tinubu commends Nigeria-China partnership during meeting with Chinese Vice Minister
By Kunle Sanni President Bola Tinubu on Thursday in Abuja received the Vice Minister of Foreign Affairs of the People’s Republic of China, Chen Xiaodong, and commended the partnership between Nigeria and China. “For us, it is a new beginning with you. A relationship that has lasted over 50 years must be nourished, nurtured, and promoted. Our mutual commitment to…
Read More » -
FG’s ongoing reforms address fundamental pillars for sustainable development, says Edun
The economy is growing faster and government’s financial position becoming better as ongoing reforms continue to address fundamental pillars for sustainable development. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on Wednesday gave a full overview of the national economic data, with significant improvements in fiscal and monetary positions. Speaking at the newly introduced quarterly media…
Read More » -
Lagos, Ondo lead other South West states as most expensive journey by motorcycle
A report by National Bureau of Statistic (NBS) has revealed that Lagos and Ondo led other South West states as the most expensive journey by motorcycle or Okada per drop. According to the report, the average highest price for motorcycle in Lagos stood at N855.67 per drop in June 2024, while in Ondo, N708.33 per drop. The bureau “transport fare…
Read More » -
Gabon’s President invites Dangote to invest in cement, fertiliser production
President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote, to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment opportunities in the country’s cement and fertilizer sectors, specifically urea and phosphate production. During the visit, Dangote engaged in discussions with President…
Read More » -
26.75% MPR to further squeeze liquidity from banking system, says Prof. Uwaleke
The Special Adviser to the Chairman Senate Committee on Banking, Insurance and other Financial Institutions., Prof. Uche Uwaleke has said the hike in Monetary Policy Rate (MPR) to 26.75 per cent is targeted at further reducing liquidity from the banking system and jerk up cost of credit with adverse consequences on output. The Monetary Policy Committee (MPC) on Tuesday increased…
Read More » -
Reps pass amended 2024 budget at N35.5trn
The House of Representatives has passed the amended 2024 budget at ₦35.5tn, showing an increase from the ₦28.7tn initial budget. The amendment sought by President Bola Tinubu in his letter last week was ₦6.2tn. The ₦35.5tn passed shows an increase of ₦600bn. The House has also passed the minimum wage bill and the police act amendment bill, just like the Senate. Tinubu had…
Read More » -
Build refineries to compete with Dangote, says Adeshina to petrol importers
President of the African Development Bank, Akinwumi Adesina, has challenged those accusing Aliko Dangote of trying to monopolize the oil industry to establish their own refineries in Nigeria instead of importing petrol and diesel from abroad. Adesina made this statement on Monday, addressing the conflict between federal oil regulators and Aliko Dangote, CEO of Dangote Group. The regulators recently accused…
Read More »