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Fuel Tax on Hold: Edun Says No Immediate Plans for 5% Levy

Finance Minister Wale Edun has assured Nigerians that there are no immediate plans to implement the proposed 5 per cent tax on petroleum products. Speaking to reporters in Abuja on Tuesday, Edun explained that although the surcharge is referenced in the new tax administration framework scheduled to take effect on 1 January 2026, its application […]

NNPCL Under Forensic Audit as Edun, Cardoso Defend Reforms in Washington

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has disclosed that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) is currently underway. Speaking at the Nigeria Investment Forum held on the sidelines of the World Bank/IMF Spring Meetings in Washington, D.C., Edun said the audit aims to […]

Wale Edun: Saudi Deal Brings Jobs, Investments, and FX Inflows to Nigeria

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has hailed the success of his recent high-level visit to Saudi Arabia, citing significant foreign investments and foreign exchange inflows as key outcomes. Speaking to journalists after a briefing with President Bola Tinubu, Edun said: “What we have brought back is investment, foreign […]

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