Nigerias New Finance Chief Meets Creditors on First Trip Abroad

Image for article Nigerias New Finance Chief Meets Creditors on First Trip Abroad
News Source : Financial Post

News Summary

  • Oyedele’s first trip abroad as finance minister since replacing Wale Edun last month was as part of a delegation led by President Bola Tinubu.
  • Monthly prices rose to a more than two-decade high in March, after the Iran war sent energy costs surging.
  • The conflict, however, “presents new opportunities” for Nigeria as the world looks to diversify sources of energy and invest in new markets, Oyedele said in a statement.
(Bloomberg) Nigerias newly appointed Finance Minister Taiwo Oyedele has ruled out a return to government subsidies and price controls, reassuring the countrys bondholders that he will stick with refo [+3822 chars]

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