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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.
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.
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.
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”.
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.
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.
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 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.
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.
The United Nations Deputy Secretary-General, Amina Mohammed, has tasked women to take over leadership from the President Muhammadu Buhari in 2023.
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 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, 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.
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.
"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.
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.
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.
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.
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.
Barcelona head coach Ronald Koeman is set to promote B team defender Oscar Mingueza to replace the injured Gerard Pique in the coming weeks.
Taiwo Awoniyi was outstanding for Union Berlin but could not crown his impressive performance with a goal, as they were held to a 3-3 home draw against Eintracht Frankfurt in Saturday’s Bundesliga fixture.
Police in Enugu have launched an investigation into the mysterious death of three out of five children locked in a stationary vehicle by unknown persons, on Monday in Itchi, Igboeze South Local Government Area of the State.
Genk centre-forward Paul Onuachu has appreciated Junya Ito and Theo Bongonda for their assistance in the brace he scored against Cercle Brugge on Saturday.
AC Milan striker Zlatan Ibrahimovic will be out of action for at least ten days after picking up a muscle injury in the 3-1 league win against Napoli at the weekend, the Serie A club said on Monday.