Oyedele Defends $5bn Loan, Says Spending Details Follow Budget Process
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has defended the Federal Government’s $5 billion financing facility with First Abu Dhabi Bank, saying the transaction followed due process and is intended to refinance more expensive debt. Speaking at a media briefing in Abuja on Wednesday, Oyedele dismissed calls for the government to […]
BREAKING: Tinubu Government Breaks Down N15.8tn Subsidy Savings
The Federal Government has released a breakdown of the N15.8 trillion in savings attributed to fuel subsidy removal and other economic reforms implemented under President Bola Tinubu over the past three years. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the figures at a press conference on Wednesday. Oyedele said the […]
Tinubu Seeks Deeper Deloitte Partnership on Reforms
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to ongoing economic reforms, saying the measures are laying a strong foundation for Nigeria’s long-term growth despite the challenges they have posed. Speaking on Wednesday while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda Redfearn, at the State House in Abuja, […]
FG Issues Guidelines for New Tax Regime Transition
The Federal Government has released transition guidelines to support the implementation of Nigeria’s new tax regime, providing clarity for taxpayers, revenue agencies, tax consultants and other stakeholders ahead of the reforms. Issued by the Ministry of Finance on Thursday, the guidelines outline how existing tax obligations, ongoing audits, pending disputes, tax incentives and transactions that […]
TUC Proposes Refinery Subsidy to Reduce Petrol Prices
The Trade Union Congress has proposed a production subsidy for local refineries, including the Dangote Refinery, as part of efforts to reduce the rising cost of petrol in Nigeria. TUC President Festus Osifo made the proposal on Friday during an appearance on Channels Television’s Politics Today. Osifo said the union understood that the Federal Government […]
Adelabu Resigns as Power Minister to Pursue Oyo Governorship Bid
Adebayo Adelabu has resigned as Nigeria’s Minister of Power to pursue his governorship ambition in Oyo State ahead of the 2027 elections, becoming the third member of President Bola Tinubu’s cabinet to exit within 48 hours. In a resignation letter dated April 22, 2026, Adelabu said his decision would take effect on April 30 to […]
BREAKING: Tinubu Reshuffles Cabinet, Replaces Finance Minister
President Bola Ahmed Tinubu has approved a minor cabinet reshuffle affecting the membership of the Federal Executive Council, with changes announced in the ministries of finance and housing. According to a memo signed by the Secretary to the Government of the Federation, George Akume, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, […]
Tinubu Seeks Senate Confirmation of Taiwo Oyedele as Finance Minister
President Bola Tinubu has asked the Nigerian Senate to confirm Taiwo Oyedele as Minister of State for Finance. The request was contained in a letter addressed to Senate President Godswill Akpabio and read during plenary on Tuesday. Tinubu said the nomination was made in accordance with Section 147(2) of the 1999 Constitution, as amended. “In […]
