Financial Services Government 

Rising global oil prices “good omen for Nigeria” — Finance Minister

The Federal Government has described as a welcome development the rising price of crude oil in the global market, saying, “this is a good omen for Nigeria”. The Minister of Finance, Budget, and National Planning, Dr Zainab Ahmed, made this known on Thursday, February 25, in Abuja when she addressed State House correspondents on the state of the nation’s economy under the Buhari-led administration. According to her, gaining more revenue from the sale of crude will yield more revenue for the government as well as reduce the country’s rate of…

Read More
Africa Covid19 Government Healthcare 

Kenya issues travel advisory against Tanzania as COVID-19 situation escalates

The government of Kenya issued an alert to her citizens living in Tanzania in the wake of the Covid-19 upsurge in the neighbouring country. The Director of Public Health, Dr Francis Kuria, has advised Kenyans to conform to strategies laid out by relevant authorities. “We are asking Kenyans in Tanzania to seek informed advice about the disease. “We are alert. We have heightened surveillance at the border to avoid any further imported infections. We have also advised Kenyans, in general, to avoid unnecessary travel to Tanzania,” Kuria, an assistant to Health CS Mutahi…

Read More
Government North America 

Canada’s deficit will be unsustainable in 1-2 years: Parliamentary Budget Officer

Canada’s Parliamentary Budget Officer Yves Giroux says that the deficit will soon become unsustainable if the Trudeau government continues its current spending levels. On Sunday, Giroux warned that any new spending commitments without a plan to decrease the deficit might spell fiscal disaster. “It’s without a doubt that we cannot afford deficits of over $300 billion for more than just a few years. And when I say a few years, I really mean a year or two. Beyond that, it would become unsustainable,” he said. “So if the government has…

Read More
Government 

Social media roasts Finance minister Bahati for paying UGX5000 for each vote to win NRM primary

When the country is feeling the pinch visited on it by Covid-19, and the country sinks further into debt, the Finance minister David Bahati had a ‘solution’ for the poor villagers in his constituency, Ndorwa West. On voting day last week, everyone who turned up, including children, to vote, received ugx5000. The result was resounding. Finance state minister David Bahati scored 90 per cent to regain his NRM party ticket to the finals in January next year. Despite warnings from President Museveni who condemned violence, intimidation and voter bribery, most…

Read More
Africa Government Professional Services 

Lawyer wants AGF seek review of judgment debt against Nigeria

A lawyer and politician, Dr Kayode Ajulo, has urged the Attorney-General of the Federation, Abubakar Malami (SAN), to seek review of judgment debts against Nigeria. He gave the advice in a statement on Saturday in Abuja against the backdrop of the judgment of the High Court of England in the case of Nigeria versus P&ID. The court had held that the contract and all the processes leading to an award of $6 billion with interest against Nigeria was shrouded in forgery and fraud. Ajulo said that the review would promote…

Read More