Tag: Wale Edun
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Nigeria needs to borrow more despite improved revenue by some MDAs, Edun tells Senate
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Nigerian government needs more borrowings to fund its budget even though some Ministries, Departments and Agencies have surpassed their revenue target. Edun said this during an interactive session of the Senate Joint Committees on Finance and National Planning and Economic…
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FEC approves $2.2bn external borrowing plan – Edun
The Federal Executive Council (FEC) has approved $2.2 billion financing programme for external borrowing, including a potential Eurobond and Sukuk bond offer.
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FG to begin payment of pension backlog – Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government will soon begin payment of pension backlog.
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FAAC: FG, States, LGs share N1.298 trillion for September
The Federal, State, and Local Governments have shared N1.298 trillion from the Federation Account Allocation Committee (FAAC) for September 2024.
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Only NNPC will buy Dangote petrol – Minister of Finance
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has revealed that only the Nigerian National Petroleum Company (NNPC) Limited will buy the Premium Motor Spirit (PMS) produced by the Dangote Refinery.
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Tinubu to present whistleblowing policy to NASS – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said President Bola Tinubu will soon present the whistleblowing policy to the National Assembly for legislative action.
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FG grows foreign reserves by $4bn – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves grew by four billion dollars since January.
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Embarrassment as pornographic clip disrupts FG DMO online call meeting with investors
In an embarrassing turn of events, a pornographic video clip on Thursday interrupted a crucial investors’ call organized by Nigeria’s Debt Management Office (DMO). The incident occurred during an online session that aimed to discuss the prospects of the federal government’s $500 million domestic bond and the security of dollar investments for the domestic bond. Investors,…
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Oil revenue grew by 30% in first half 2024 – FG
The Federal Government says Nigeria’s oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024. This is contained in a statement by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun on Friday, in Abuja.
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Standard Chartered Bank to fund Lagos-Calabar highway, Port-Harcourt-Maiduguri rail line – Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stated that Standard Chartered Bank has indicated interest to fund key infrastructure projects in the country including the Lagos to Calabar superhighway project, Port-Harcourt to Maiduguri rail line as well as $3 billion financing for NLNG.