AfrikNews

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Nigeria’s Budget Deficit Now N4.5trn

Nigeria’s Budget Deficit Now N4.5trn   The Debt Management Office has put the deficit financing of the revised N10.509trn 2020 budget proposal at N4.563trn. The subsisting 2020 Appropriation Act, passed last December, had a total expenditure of N10.594trn and a deficit of N2.175trn. National Assembly committees begin consideration of revised 2020 budget Lawmakers divided over […]

Marketers Pledge To Comply As FG Announces New Fuel Price

Marketers Pledge To Comply As FG Announces New Fuel Price   As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per litre to N121.50/N123.50, petroleum products marketers in the country have promised to comply with the latest downstream pricing regime. Speaking with our correspondent, the […]

How Telcos Can Rebuild Nigerian Economy Amid COVID-19

How Telcos Can Rebuild Nigerian Economy Amid COVID-19     A global tech market advisory firm, ABI Research, has said telecommunication companies (telcos) have a critical role to play in managing Nigeria’s transition from COVID-19-related stagnation, as well as provide a resilient national infrastructure to stimulate growth in the gross domestic product (GDP). In a […]

EITI Counsels Nigeria, Others On Extractive Sector Revenue

EITI Counsels Nigeria, Others On Extractive Sector Revenue   The Extractive Industries Transparency Initiative (EITI) has offered countries such as Nigeria which are rich in mineral resources an advisory on how to protect their extractive sector revenue with the outbreak of the COVID-19. Speaking in a Sussex Development Lecture he delivered, EITI’s Executive Director, Mark […]

Africa: Any Conspiracy from the Western Block against Adesina of AFDB? By Jimoh Ibrahim

Africa Akinwunmi Adesina (AFDB): Any Conspiracy From The Western Block? By Jimoh Ibrahim, OFR, CFR Please wait a minute; it is about corporate governance! Yes, in a simple bank matter, and what is more, as Wolfensohn will say, corporate governance is about promoting corporate fairness, transparency, and accountability. Every day we keep struggling on which […]