Minister of Finance, Wale Edun has expressed optimism that Nigeria's rising inflation which stood at 34.19 percent in June would moderate in the coming months. Edun disclosed this during a press briefing in Abuja on Thursday. According to him, the Federal Government has improved its fiscal management interventions in recent months which have started to positively impact Nigeria's economy.
He explained that the transition by CBN to a willing-buyer, willing-seller model has reduced exchange rate volatility and has improved volumes of foreign exchange trading. He added that in the next 3-4 weeks the federal government will begin the first issuance of its dollar-denominated security of $500 million to attract foreign currency held by Nigerians abroad, adding that depending on the success of the issue, the government has no plans of raising euro bonds from the international market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria’s debt service crashes, revenue rises – Finance minister, EdunThe Minister of Finance, Wale Edun, says the Federal Government has recorded significant strides in its fiscal management, with a dramatic decline in debt service and a surge in non-oil revenue. Edun made this known on Thursday in Abuja during an assessment of the economy’s first-half performance.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Ariyo in BPE, Edun in finance — seven Lagos ex-appointees in Tinubu's governmentPolitical appointments in Nigeria are sometimes trailed by controversy, especially when certain patterns are deduced.
Source: thecableng - 🏆 2. / 80 Read more »
Wale Edun: Banks' windfall profit important contribution to government’s revenueWale Edun, minister of finance and coordinating minister of the economy, says bank windfall profit levy is an important contribution to government’s revenue.
Source: thecableng - 🏆 2. / 80 Read more »
Wale Edun: FG considering temporary suspension of sugar-sweetened beverage taxWale Edun, minister of finance and coordinating minister of the economy, says tax on sugar-sweetened beverages (SSBs) will be reintroduced
Source: thecableng - 🏆 2. / 80 Read more »
Wale Edun calls for social protection policies to aid economic reformsWale Edun, minister of finance and coordinating minister of the economy, has advocated for social protection policies alongside economic reforms to address the increased cost of living in Nigeria.
Source: thecableng - 🏆 2. / 80 Read more »