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Finance Minister

Tito Mboweni

South Africa announces $1.6 billion bailout to keep lights on

South Africa’s Finance Minister Tito Mboweni announced Wednesday a $1.6 billion-a-year bailout for the country’s electricity utility in a bid to stave off further downgrades to Pretoria’s credit rating as he unveiled a new budget.

New Zealand to target online giants with digital tax

New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net.

South Africa warrant for businessman Ajay Gupta cancelled

South African authorities have said that controversial businessman Ajay Gupta is no longer wanted by police.
Credit Suisse

Mozambique NGOs call on Credit Suisse to write off debt

Several non-governmental organisations in Mozambique on Saturday called on Credit Suisse to write off debt their government contracted with the Swiss bank as part of a massive "hidden debt" scandal.
People wearing Yellow vests gestures as French ‘red scarves’ (foulards rouges), critics of violent ‘yellow vest’ (Gilets Jaunes) protests demonstrate in Paris on January 27, 2019. (Photo by Alain JOCARD - AFP)

French growth slows as ‘yellow vest’ protests take toll

French economic growth slumped in 2018 as consumer spending tapered off toward the end of the year, the victim of violent anti-government protests that kept many shoppers at home ahead of the holidays, statistics office INSEE said Wednesday.
President of the NLC, Comrade Ayuba Wabba

Labour tackles federal government, governors over new minimum wage

The Nigerian Labour Congress and the Trade Union Congress have slammed the Federal Government for presenting N27,000 in the New Minimum Wage Bill presented to the National Assembly against the resolution of the tripartite committee.
Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala eyes World Bank president Post

Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, has made her intentions of vying for the post of World Bank’s President known.
Oby Ezekwesili

If only Oby Ezekwesili had taken Omoyele Sowore’s weed

A few weeks to the general election, Ezekwesili woke up marketing the illusion that she was “Esther”; the destined liberator of Nigerians. She claimed she was running for president under the Allied Congress Party of Nigeria (ACPN).
(FILES) In this file photo taken on September 12, 2018 French Renault group CEO and chairman of Japan’s Nissan Motor CO. Ltd and Mitsubishi Motors Corp, Carlos Ghosn poses during a photo session at the Renault headquarters in Boulogne-Billancourt. – Renault boss Carlos Ghosn has handed in his resignation, France’s economy minister said on January 24, 2019 ahead of a board meeting at which the French car maker is to appoint his successor. (Photo by JOEL SAGET / AFP)

Carlos Ghosn resigns as Renault boss as French group enters new era

Arrested car boss Carlos Ghosn resigned his position as chief executive and chairman of Renault, ending his leadership roles in the auto industry and signalling the start of new era for the French manufacturer.
Oby Ezekwesili and Gani Galadima

Election: ACPN endorses President Buhari

The Allied Congress Party of Nigeria (ACPN) says it will support President Muhammadu Buhari’s re-election bid.
Carlos Ghosn, ex-chairman of Nissan will be spending Christmas and the beginning of 2019 behind bars [File- Regis Duvignau-Reuters]

Renault boss Carlos Ghosn has resigned – French minister

Embattled Renault boss Carlos Ghosn has resigned, France's economy minister has said ahead of a board meeting at which the French car maker is to appoint his successors.
Yoweri Museveni

Uganda’s Yoweri Museveni ‘bans’ sports betting

Uganda's President Yoweri Museveni has ordered his government not to issue or renew licences for sports betting firms, the country's Finance minister David Bahati has revealed.
Liu He

China, Germany strengthen financial cooperation

China and Germany held their second High Level Financial Dialogue in Beijing on topics including the global macroeconomic situation, economic governance, China-Germany strategic cooperation, financial cooperation and financial supervision.
Pro-Brexit supporters hold up placards outside the UK Parliament as MPs debated.

UK parliament rejects Brexit deal in historic vote

Britain’s parliament on Tuesday resoundingly rejected Prime Minister Theresa May’s Brexit deal, triggering a no-confidence vote in her government and plunging its plans to leave the EU into further chaos.
Zimbabwe Dollar

Zimbabwe to re-introduce local currency within a year – minister

Zimbabwe will re-introduce a local currency “in less than 12 months”, after using the US dollar and regional currencies since a hyperinflation crisis a decade ago, the finance minister said in an interview published on Saturday.

Chad’s Idriss Deby sacks oil minister Boukar Michel

Chad’s President Idriss Deby Itno on Friday dismissed Oil Minister Boukar Michel and named Finance Minister Mahamat Allali Abakar as his temporary replacement, a government decree showed.
Zainab Ahmed

FAAC plans fresh guidelines for remittance, withdrawal from ECA

For more transparent dealing and avoidance of rancour, the Federation Accounts Allocation Committee (FAAC) is planning fresh guidelines for revenue remittances and withdrawals from the nation’s Excess Crude oil revenue Account (ECA).
Manuel Chang, Minister of Finance, Mozambique

South Africa arrests Mozambique’s ex-finance minister for extradition to US

A former finance minister of Mozambique, who approved secret loans that plunged the country into a crisis, has been arrested in South Africa awaiting extradition to the United States, police said Monday.

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Hundreds of demonstrators, in defiance of a ban of protests, rallied in the Algerian capital against a bid by ailing President Abdelaziz Bouteflika for a fifth term in office.

Algerians protest against President Bouteflika’s bid for fifth term

Hundreds of demonstrators, in defiance of a ban of protests, rallied in the Algerian capital against a bid by ailing President Abdelaziz Bouteflika for a fifth term in office.

Elections: Rivers APC kicks as INEC chairman claims every judgment has been obeyed

The Director of Strategic Communications for the All Progressives Congress (APC) governorship candidate in Rivers State, Tonye Cole, Prince Tonye Princewill, has expressed dissatisfaction with the Chairman, Independent National Electoral Commission (INEC), Prof. Yakubu Mahmood, over the claim that all court judgments have been obeyed by the electoral umpire as regards the state.

Elections: Police summon APC Reps member over Kano violence

The police in Kano on Friday ‘invited’ a member of the House of Representatives, Abdulmumin Jibrin, over his alleged role in a bloody clash between members of the PDP and APC in Bebeji Local Government Area.

Elections: Liberia’s Ellen Sirleaf urges politicians to maintain peace, adhere to rule of law

Head of the ECOWAS Election Observetion Mission (EOM), former Liberia’s President, Ellen Johnson-Sirleaf, has urged Nigerians, particularly the political class, to sustain the peace that characterised the postponement of the Presidential and National Assembly elections and also conduct themselves according to the laws of the land as they go to the polls Saturday.

Policeman, thugs arrested for branding private vehicles in police colours

An unidentified police inspector was arrested on Thursday at a hotel in Ewet Housing Estate for aiding some people to brand two private vehicles in police colour.