Author: Adekunle

Nigeria is well positioned to weather the economic ripple effects of the sweeping tariffs announced last week by the United States, including on imports from Africa’s largest economy, according to Wale Edun, Nigeria’s finance minister and coordinating minister of the economy. In remarks delivered Monday at a corporate governance forum convened by the Ministry of Finance Incorporated (MoFI) in Abuja, Mr. Edun acknowledged that while the tariffs — announced on April 2 by President Donald J. Trump — exclude oil and mineral imports, they may still exert downward pressure on global commodity prices, including crude oil, Nigeria’s primary…

National Emergency Management Agency, in collaboration with the Plateau State Emergency Management Agency, has begun a rapid assessment of communities affected by recent attacks in Bokkos Local Government Area of Plateau State. In a statement shared on its X account on Sunday, NEMA revealed that the attacks affected several villages, including Ruwi, Hurti, Tadai, Gwande, Manguna, and Dafo. The gunmen’s brutal assaults resulted in multiple fatalities and widespread destruction of property. At least 52 people were confirmed killed between March 27 and April 2, 2025. NEMA noted that the assessment teams are currently on the ground in the impacted…

The National Security Adviser, Mallam Nuhu Ribadu, has said the Federal Government is currently addressing the recent security breach in some communities in Bokkos Local Government Area of Plateau State. The National Security Adviser made this known today 6 April 2025, at the Headquarters Operation of SAFE HAVEN during an operational visit to the State. The NSA disclosed that he was in Plateau following the directive of President Bola Ahmed Tinubu to restore normalcy to communities recently attacked by miltias in the State. He commended security agencies for their timely response in curtailing the situation. The NSA,…

The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, received the CEO of Renaissance Capital Africa Investors, Samuel Sule, for high-level talks on Nigeria’s economic outlook and investor sentiment. Discussions highlighted a notable shift in investor appetite—from Eurobonds to local currency instruments and increasingly to equity investments—signalling growing confidence in Nigeria’s reform trajectory. Minister Edun pointed to key macroeconomic improvements, including a stabilised exchange rate, a downward trend in inflation, and stronger fiscal discipline. He also emphasised infrastructure projects, energy sector reforms, and performance-based targets in conjunction with the World Bank as central…

In a landmark virtual briefing, last week the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun presented a comprehensive update on Nigeria’s economic trajectory to selected members of the media, highlighting significant progress, key priorities, and strategic initiatives to drive sustainable growth and development in the country. The Minister’s briefing provided a detailed overview of Nigeria’s economic stabilisation efforts, which have yielded notable results over the past 18 to 20 months. According to Minister Edun, the economy has pulled back from the brink of a fiscal crisis, with Nigeria recording 3.84% GDP growth…

The Northern Elders Political Development group has commended President Bola Tinubu, the Minister of State for Defense, Bello Matawalle and Chief of Defence Staff (CDS), General Christopher Musa for their efforts in improving security in the North-West region. It noted that majority of towns and villages in the region observed the Eid-el-Fitri peacefully without cases of bandits’ attack as previously experienced, aside from pockets of unrest in few Sokoto and Zamfara villages. A statement signed by its secretary, Dr. Adamu Lawal Giwa, followed successful operation of Fansa Yamma, which led to the destruction of bandits’ enclaves in some…

Personal Income Tax (PIT) payments by wealthy Nigerians will go up from 18.6 per cent to 25 per cent when the Tax Reform Bills become law, according to a projection by the Federal Government. Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the upward trajectory in revenue will complement the 20 per cent increase recorded last year. He said Nigeria’s economy has achieved relative stability over the past 18 to 20 months. He spoke in Abuja during a Zoom dialogue meeting, according to the News Agency of Nigeria (NAN). The Tax Reform will also…

A civil society organisation, the Security Watch Network for Good Governance, has hailed the Nigerian Armed Forces and the Minister of State for Defence, Dr. Bello Matawalle, for the recent elimination of a notorious bandit leader, Kachallah Dan Isihu. The group described the development as a significant milestone in the ongoing efforts to combat criminality in the North-West region of the country. In a statement signed by its President, Abdullahi Fagge, the group said Dan Isihu, who had long terrorised communities across Zamfara, Katsina, and Kaduna States, was neutralised in a carefully coordinated, intelligence-led military operation. The…

1. The Ministry is repositioning Nigeria globally, through the clear articulation of President Bola Tinubu’s 4D Foreign Policy Doctrine (Democracy, Development, Diaspora, Demography); clear definition of Nigeria’s global role and interests; and amplification of Nigeria’s voice multilaterally and bilaterally. 2. Spearheaded strategic global alliances and achieved diplomatic milestones: President Tinubu’s re-election as ECOWAS Chair, and chairing of pivotal ECOWAS summits; Re-election of Nigeria’s Ambassador Bankole Adeoye as AU Commissioner for Political Affairs, Peace, and Security, reinforcing its leadership in continental security; Nigeria’s retention of its seat on the African Union Peace and Security Council (AUPSC) for another three…

In the early days of March 2024, the social media and news mediums were hit with news detailing how Nigeria’s security agencies had detained Tigran Gambaryan, Binance Holdings Limited’s head of financial crime compliance and Nadeem Anjarwalla, the company’s Africa regional manager. Binance is one of the largest cryptocurrency exchanges in the world. It offers services such as spot trading, futures, staking, and lending. The platform supports numerous cryptocurrencies, allowing users to trade coins like Bitcoin and Ethereum, as well as many altcoins. Binance had been under watch by the Nigerian government for lending itself to suspicious transactions…