Federal Government has raised N728.979 billion through the second issuance under its N4 trillion Power Sector Multi-Instrument Issuance Programme to settle verified debts owed to electricity generation companies. The latest issuance was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele on Monday September...
Finance minister
Nigeria’s economy maintained a strong growth trajectory in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43 per cent year-on-year, according to the Federal Ministry of Finance. The latest economic performance represents an improvement over the 4.23 per cent recorded in the second quarter...
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, declared that Nigeria’s economy has stabilised following the implementation of major reforms by the Federal Government. Oyedele stated this on Thursday August 27 while briefing journalists after the 160th meeting of the National Economic Council (NEC), saying the...
Federal Government has said it would not publish a specific breakdown of how funds accessed under its $5 billion financing facility with First Abu Dhabi Bank (FAB) will be spent. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this at the media briefing in Abuja...
Senate Committee on Public Accounts has directed the Federal Ministry of Finance to appear alongside the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to address outstanding queries in the 2021–2023 Oil and Gas Sector Audit Reports of the Nigeria Extractive Industries Transparency...
President Bola Ahmed Tinubu has extended deep sympathy to former Minister of Finance, Kemi Adeosun, over the passing of her husband, Anthony Adeniyi Adeosun, 62, on Wednesday. President Tinubu in a statement by his spokesman, Bayo Onanuga, condoled with the Adeosun family, friends and business associates over the loss,...
The Presidency has clarified that the former Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun, duly tendered his resignation from office, citing health reasons, before President Bola Ahmed Tinubu announced his replacement on Tuesday. The presidency also clarified that the former Minister of Housing and Urban...
President Bola Tinubu on Monday swore in Mr Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, as Minister of State for Finance, extolling his determination and dedication to duty. President Tinubu, who spoke after the brief ceremony at the Presidential Villa, Abuja, said the...
Bloggers and Vloggers, Content Creators Association in Nigeria (BAVCCA) has disclosed that the Federal Government has paid ₦152 billion to contractors with verified contracts, while dialogue continues to resolve outstanding obligations. BAVCCA made this known on Thursday during a press conference in Abuja, convened to address the recent protest...
By EZEKIEL OBI, Abuja – The Joint House of Representatives Committee on Public Accounts and Public Assets has summoned Central Bank of Nigeria (CBN) Governor, Yemi Cardoso and Finance Minister Olawale Edun to appear before it on Monday, June 16, 2025. The summons is over allegations of non-compliance with...
Finance Minister and coordinating Minister of the Economy, Mr. Olawale Edun, has charged the New Board of Directors of the Asset Management Corporation of Nigeria (AMCON), to speed up debt recoveries. The minister gave the charge on Wednesday in Abuja during the Inauguration of the New Board of AMCON....