Babajide Iletogun The World Bank has said Nigeria’s exit from recession in the fourth quarter of last year was faster than it expected. Nigeria slipped into recession in the second quarter of 2020 amid the economic fallout of the COVID-19 pandemic but emerged from it in the fourth quarter. The …
Read More »Nigeria’s Excess Crude Account Stands At US$72.4mn
The Honourable Minister of Finance, Budget and National Planning, Zainab Ahmed on Thursday told the National Economic Council that the Excess Crude Account balance stood at US$72,409,346.76 as at 14th October, 2020. At a meeting presided over by Vice President Yemi Osinbajo, and attended by State Governors,the Minister added that …
Read More »Ghanaians Get Additional Six Months of Free Electricity Supply
Finance Minister Ken Ofori-Atta on Thursday announced the extension of free water and electricity supplies to consumers. The relief package was instituted by the government in response to the economic and social challenges of the Covid-19 pandemic. The period for water, which ended in May 2020, would be extended for …
Read More »Algeria Opts for Fiscal Discipline to Save $20bn in 2020
The government of Algeria aims to save $20 billion by the end of this year through the implementation of new economic and financial reforms. The decision was contained in the report of a council of ministers’ meeting held on July 13. According to President Abdelmadjid Tebboune (pictured), the reforms target the …
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