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Business

Finance Minister, Edun, sheds light on market-based FX rate, deregulated oil market pricing

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has expressed optimism about the country’s ongoing economic reforms, citing sustainability...

Business

NNPC Ltd has commenced clearing $6.8bn petrol supply debt —Edun

Indications have emerged that the Nigerian National Petroleum Company (NNPC) Limited has commenced the process of paying the $6.8 billion debt owed to suppliers.Wale...

Business

Oil Marketers Get FG’s Approval To Buy Petrol Directly From Dangote Refinery

The Federal Government on Friday gave approval to independent oil marketers to buy premium motor spirit, also known as petrol directly from Dangote Refinery...

Business

Nigerian govt to crash prices of gas, diesel, electric vehicles, others with VAT exemption

The prices of various energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, among others are expected to...

Business

Foreign reserves recorded a $16.45bn net inflow in seven months — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Thursday that Nigeria’s foreign reserves recorded a net inflow of...

Business

High petrol cost: Give Dangote refinery, others time, Edun pleads

Following the dashed hope of a lower price of the premium motor Spirit (PMS), popularly called petrol from Dangote Refinery, the Minister of Finance...

Business

FG’s Dollar Bond Oversubscription Not Solution To Exchange Rates Crisis- Ogidan

The Managing Director and Chief Executive Officer of Successory Nigeria Ltd, Dr. Steve Ogidan, has said that the inaugural domestic Federal Government of Nigeria...

Business

Edun meets Customs on implementation of zero duty on food imports

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Board of the Nigeria Customs Service (NCS) has met on...

Business

Nigerian govt rules out VAT increase beyond 7.5%

The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, said on Monday the Federal Government has not increased the Value-Added-...

Business

VAT Not Raised To 10% Says Finance Minister, Edun

The federal government has dismissed any possible increase in Nigeria’s Value-Added Tax (VAT) from 7.5 per cent to 10 per cent.The Minister of Finance...

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