FX Pressure: $10bn inflow coming in weeks-Finance Minister
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun yesterday said that the economy will receive $10 billion in foreign exchange inflows in the next few weeks to ease liquidity pressure in the foreign exchange market. Edun said this during a panel session at the ongoing 29th Nigeria Economic Summit (NES) in Abuja. The […]
Fuel price rises 226.75% to N626.21 per litre — Report
The price of Premium Motor Spirit, otherwise known as petrol increased year-on-year, YoY, by 226.75 per cent to N626.21 per litre in September 2023, from N191.65 per litre, recorded in the corresponding period of 2022. This is even as fuel price continues to rise in many states, due to the inability of oil marketers to import, many months […]
FG’ll achieve $1trn economy target in 2026, $4trn in 2035 –Tinubu
The Federal Government, yesterday, promised that Nigeria’s economy will grow to $1trillion in 2026 and $4 trillion by 2035. Declaring open the 29th Nigerian Economic Summit (NES #29), yesterday, in Abuja, President Bola Ahmed Tinubu, said his administration was working hard to ensure there will be no strike in the economy as the children’s future […]
FG okays $3.45bn W’Bank loan application for power, others
The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items. They include projects in the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and a women’s empowerment project. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, told […]