Home Topics Finance Minister

Finance Minister

Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.

Sudan inflation soars, raising spectre of hyperinflation

Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.
Minister of Finance, Zainab Ahmed

Minister: No issue with federal workers’ salary

Nigeria’s Finance Minister, Mrs. Zainab Ahmed, has reassured the citizens that the country will soon exit recession just as he insisted that there are no issues with federal workers’ salary because of the current economic situation in the country.
A video grab from footage broadcast by the UK Parliament’s Parliamentary Recording Unit (PRU) shows Britain’s Chancellor of the Exchequer Rishi Sunak as he delivers his autumn spending review during a hybrid, socially distanced session in the House of Commons in London on November 25, 2020. – Britain’s government on Wednesday announced its spending plans for the next year amid soaring debt to support the virus-ravaged economy and as the nation embarks on its post-Brexit future. (Photo by – / PRU / AFP) / RESTRICTED TO EDITORIAL USE – MANDATORY CREDIT ” AFP PHOTO

Coronavirus-hit UK takes axe to aid spending despite protests

Britain’s government on Wednesday unveiled plans to slash the foreign aid budget to help mend its coronavirus-battered finances, prompting one minister to quit and defying impassioned calls to protect the world’s poorest people.
Campaigners and activists rally outside the Scottish Parliament in support of the Scottish Governments Support For Period Products Bill [Jeff J Mitchell-Getty Images]

Scotland first in the world to make sanitary products free

Scotland on Tuesday made sanitary products free to all women, becoming the first nation in the world to take such a step against “period poverty”.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria will exit recession in first quarter of 2021 – minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit the current recession by the first quarter of 2021.
Opposition leader and presidential candidate Zephirin Diabre holds a news conference ahead of the presidential and legislative elections, in Ouagadougou, Burkina Faso, November 21, 2020. REUTERS-Media Colibaly

Burkina opposition candidate alleges ‘massive fraud’ ahead of Sunday vote

Burkina Faso opposition candidate Zephirin Diabre said President Roch Kabore is orchestrating a “massive fraud” to secure re-election in Sunday’s presidential vote, and that he will not accept results marred by irregularities.
Finance Minister Liu Kun made the call in an interview published on the website of the ministry of finance on Friday.

China calls for extended debt relief for poorest countries

Finance Minister Liu Kun made the call in an interview published on the website of the ministry of finance on Friday.
Turkey’s central bank increased its benchmark interest rate to 15 percent. The lira gained against the dollar.

Turkish central bank raises interest rates to 15 percent

Monetary policymakers hiked borrowing costs from 10.25 percent, the central bank said in a statement on Thursday. All funding to banks will be carried out at the benchmark rate, the central bank said, ending a policy of setting policy via a so-called interest rate corridor.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Official: Senate unaware of Nigerian government’s plan to sell national assets

The Senate committee on privatisation has said the chamber is not aware of any planned agreement by the Bureau of Public Enterprise (BPE) to sell or concession some national properties to help fund the 2021 budget.
The IMF warned in 2018 that Zambia was at high risk of debt distress.

Zambia nears default with bondholders set to refuse relief

A key bondholder group is set to reject Zambia's request for an interest-payment holiday, putting the country on course to become the first African sovereign defaulter since the onset of the coronavirus pandemic.

I believe a woman can succeed President Buhari – UN deputy chief

The United Nations Deputy Secretary-General, Amina Mohammed, has tasked women to take over leadership from the President Muhammadu Buhari in 2023.
British Prime Minister Boris Johnson told the conference that the world “must work together to build an impregnable shield around all our people”.

UK unemployment rate rises to 4.8 percent

Britain’s unemployment rate has jumped to 4.8 percent as the coronavirus pandemic destroys a record number of UK jobs, official data showed Tuesday.
As candidates jostle for the Director-General position of the World Trade Organisaion, WTO, Female Parliamentary in Nigeria, Friday, threw weight behind former Minister of Finance, Ngozi Okonjo-Iweala, to occupy the number one position of the organization.

Former finance minister highlights six economic opportunities for Nigeria, Africa

Former Nigerian Finance Minister, Dr Ngozi Okonjo-Iweala, on Saturday, highlighted six economic opportunities for Nigeria and other African countries as they strive to recover from the negative shocks of the pandemic.
Turkish President Recep Tayyip Erdogan has inaugurated a massive new airport project in Istanbul, which, once complete, is expected to become one of the world's largest.

Turkish president replaces central bank governor as lira plummets

Turkish President Recep Tayyip Erdogan removed the central bank governor from his post on Saturday and replaced him with former finance minister Naci Agbal after the lira currency hit record lows, losing 30 percent of its value since the start of the year.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister: Coronavirus resurgence may affect 2021 budget estimates

The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday that the resurgence of COVID-19 pandemic in Europe, may affect the 2021 budget estimate.
German Defence Minister Annegret Kramp-Karrenbauer on Wednesday warned the United States was facing a “very explosive situation” and a possible systemic crisis after President Donald Trump prematurely declared election victory.

US election: Germany warns of ‘very explosive situation’

German Defence Minister Annegret Kramp-Karrenbauer on Wednesday warned the United States was facing a “very explosive situation” and a possible systemic crisis after President Donald Trump prematurely declared election victory.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Nigerian government seeks National Assembly approval for $1.2 billion agriculture loan

The Federal Government is seeking the approval of $1.2 billion loan from the National Assembly to address issues in the agriculture value chain, finance minister Zainab Ahmed said on Tuesday in Abuja at the ministry’s budget defence.
A protester holds a Nigerian flag as youths continue their #ENDSARS protest in Lagos, Nigeria, on Monday, October 19, 2020. The protesters are calling for the scrapping of police unit, known as Special Anti-Robbery Squad (SARS) over the squads incessant harassment, brutality and killing of innocent Nigerians. Photo by Adekunle Ajayi (Photo by Adekunle Ajayi/NurPhoto via Getty Images)

Nigerian minister says it’s unclear who shot protesters in Lagos

"Hoodlums" wearing military uniforms may have shot Nigerian protesters campaigning against police brutality and it was too soon to tell if soldiers were involved, the country's attorney general said on Monday.

Recent Stories

Seventy-five members of the Boko Haram and Islamic State West Africa Province (ISWAP) terrorist groups have been killed by the military across the North East in the last six weeks.

Troops raid terrorists’ hideouts, eliminate five in Borno

Troops of Operation Fire Ball have eliminated five Boko Haram (BHT)/ISWAP terrorists and recovered a cache of arms and ammunition as well as bags of assorted grains in recent attacks on their hideouts in Borno.
Briefing State House Correspondents on Wednesday after the virtual FEC meeting presided over by President Muhammadu Buhari at the Aso Rock Presidential Villa, Abuja, the Minister of Works and Housing, Babatunde Fasola, and Special Adviser to the President on Media and Publicity, Mr Femi Adesina, gave breakdowns of the approvals.

President Buhari condemns ‘insane’ killing of farmers by Boko Haram in Borno

President Muhammadu Buhari has expressed grief over the killing of farmers on rice fields at Zabarmari in Jere Local Government of Borno, describing the terrorist killings as insane.
The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary- Chief Executive Officer-Designate.

Bible Society appoints new CEO-designate

The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary/ Chief Executive Officer-Designate.
Kidnap

I paid N3 million ransom before I was freed by kidnappers – doctor

Azubuike Iheanacho, the medical doctor that was kidnapped in Dekina Local Government Area of Kogi State, has revealed that he had to pay a ransom before the abductors freed him.
The International Table Tennis Federation (ITTF) Men’s World Cup served off its first spins on Friday, November 13 and there was a shocking loss for Nigeria’s best table tennis player, Quadri Aruna, who was beaten by Slovenian Darko Jorgic.

Aruna Quadri records third league victory with TTC in German Bundesliga

Aruna Quadri returned to winning ways with TTC RhönSprudel Fulda-Maberzell (TTC) in the Table Tennis Bundesliga as the Nigerian was instrumental to his team’s 3-1 win over TTC OE Bad Homburg at the weekend.