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The federal government has saved about N15 billion in about a year from over bloated travel costs and allowances of government workers. The amount was saved through activities of the Efficiency Unit under the Federal Ministry of Finance.
Mrs. Patience …
Continue readingThe Minister of State for Petroleum, Dr Ibe Kachikwu, said Chinese private sector companies had pledged an additional investment of 70 billion dollars to the Nigerian economy. Kachikwu said this while addressing State House correspondents on the outcome of the …
Continue readingAfrica’s second-biggest copper producer, Zambia, told the International Monetary Fund (IMF) that it will cut subsidies amounting to about $1 billion as part of an economic recovery plan. The statement was issued by Zambia’s finance Minister Felix Mutati on Sunday. …
Continue readingSouth Africa will have to wait for more months in order to relaunch its affordable energy programme. Formalised in 2010, the project for the construction of about six to eight reactors with a capacity of 9,600 megawatts is now being
Ethiopia has accused Egypt and other enemies of being behind the violence which has disturbed the peace in the country for about 25 years now.
Addis Ababa officials insinuate that Egypt has a hand in the financing and training of
Ghana’s electoral commission has disqualified thirteen out of the seventeen presidential hopefuls who filed to run for the election in 2016.
Among the disqualified candidates on Monday are two-time aspirant and businessman Papa Kwesi Nduom, and former First Lady Nana …
Continue readingTransparency International in a recent report said Zimbabwe loses about 1 billion US dollars in revenue every year mostly because of government officials who engage in corruption. The report which was released on Tuesday indicates that the resulting institutionalization and …
Continue readingSouth Africa has selected two local consortia as the preferred bidders to develop the first privately-built coal-fired plants in Africa’s most industrialised country, the energy minister said on Monday. South Africa is in a race to boost electricity supply, and …
Continue readingGeneral Electric has confirmed its a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion, the U.S. company said on Monday.
Nigerian President Muhammadu Buhari said this month that GE would be investing $2.2 billion in …
Continue readingNigerian Recession: Centre announces Essay Prize for Solutions
Lagos-based international Graduate School, CIAPS (The Centre for International Advanced and Professional Studies) has announced a Public Interest Essay Competition aimed at studying the Nigerian Recession and finding solutions to it.
The …
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