THE Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the country currently spends $600 million monthly on fuel imports. He attributed the high cost to neighboring countries, extending to Central Africa, benefiting from the nation’s fuel imports. Edun shared this information during an interview …
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Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national minimum wage to President Bola Tinubu. The minister submitted the cost proposal to the President at the Presidential Villa in Abuja on Thursday. This followed a 48-hour ultimatum …
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THE Nigerian Naira appreciated against the US Dollar in the parallel section of the foreign exchange (FX) market on Wednesday, recording a 1.88 percent increase to N1,570. This marks a significant rebound from the N1,600/$ rate observed on March 11, as reported by currency traders and Bureau de Change (BDC) …
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THE Federal Government has announced unemployment benefits for graduates with qualifications from NCE upwards. The minister of finance and coordinating minister of the economy, Wale Edun, disclosed that the programme would see unemployed Nigerian youths being paid stipends. He stated this on Monday while addressing newsmen after the Federal Executive Council …
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THE Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has given an insight into how the Federal Government plans to solve the issue of economic hardship in the country. Edun also spoke about a wide range of issues including the cost of living, inflation, cash disbursements to …
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THE Minister of Finance, Wale Edun, has disclosed that Nigeria is in talks with the World Bank for up to $1.5 billion funding to alleviate a severe dollar shortage. He said the move will also support the national budget as the severe dollar shortage has contributed to the Naira’s steep …
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THE removal of subsidies increased revenue inflow into the Federation Account from an average of N650 billion per month to over N1 trillion over the last four months, according to Minister of Finance and Coordinating Minister of Economy, Wale Edun. Making this disclosure at a four-day retreat held in Asaba, …
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NIGERIA’s currency started the week negatively, depreciating against the Dollar at the foreign exchange market. According to FMDQ statistics, at the close of work day on Monday, the Naira fell to N993/$1. The slump represented an N203 differential from the N789.94/$1 it recorded on Friday. Also, the market recorded a …
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