Home Topics National Treasury
South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday.
The World Bank has released a second tranche of Sh4.6 billion ($43 million) for counties to use in strengthening devolution as they race against time to secure 300 beds for Covid-19 patients.
The New Development Bank established by the BRICS group of emerging nations has approved a $1 billion COVID-19 emergency loan to South Africa to help reduce the socio-economic impacts of the pandemic, the National Treasury said on Saturday.
Akwa Ibom leaders, under the umbrella body of Akwa Ibom Leaders Vanguard, on Monday blasted President Muhammadu Buhari over alleged perceived corruption, nepotism and frequent abuse of constitution in his government.
Admired by some but berated by others for imposing a tight lockdown, South African President Cyril Ramaphosa faces a fresh leadership test over his handling of the coronavirus outbreak.
South African state asset manager the Public Investment Corporation (PIC) has submitted a proposal to government on converting bonds it holds in struggling state utility Eskom into equity, PIC chairman Reuel Khoza told Reuters in an interview.
South Africa’s National Treasury on Wednesday said it would table a new budget on June 24 to ratify plans for a 500 billion rand ($27 billion) stimulus package aimed at easing the economic impact of the coronavirus outbreak.
South Africa will increase the amount of debt on sale at its weekly auctions by nearly 2 billion rand ($109 million) to cover a budget deficit set to increase sharply due to the coronavirus stimulus package announced by President Cyril Ramaphosa.
South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
South Africa is seeking 95 billion rand ($4.99 billion) from multilateral lenders to help it fight the COVID-19 pandemic, a senior Treasury official said on Sunday.
Former Delta State governorship aspirant, Chief Sunny Onuesoke, yesterday, described the N20,000 palliative being reportedly paid to poor Nigerians by the President Muhammadu Buhari led Federal Government as another charade aimed at looting the country’s treasure at a critical time when the world was battling to contain the spread of dreaded coronavirus pandemic.
South Africa’s National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus.
The Labour Party in Ogun State has accused the Senate Minority Leader, Senator Enyinnaya Abaribe, of being “a major component of the engine growing and sustaining national insecurity.”
The second edition of the Africa Investment Forum, organised by the African Development Bank, began today in Johannesburg, South Africa. It will end on 13 November.
The Senate has mandated three of its committees to investigate seven international oil companies over their alleged refusal to remit about $21 billion to the national treasury.
The Peoples Democratic Party, PDP, has said the ruling All Progressives Congress, APC, must answer for what it’s “failures, depravities and unrestrained looting” of the nation’s treasury in the last four years.
A retired General of the Nigerian Army, Adamu Yusuf, on Tuesday requested an investigation into the circumstances following the recovery of about $2.1bn and other assets by some security officials from a residence allegedly linked to a former public officer in Abuja.
One foreign newspaper said Nigerians have to choose between a former dictator and an alleged kleptocrat. Another one, The Guardian of London, was not so diplomatic. It said Nigerians have to decide between “a stingy rightwing dictator and an established thief.”
12Page 1 of 2
The Kano Electricity Distribution Company (KEDCO) on Tuesday urged potential tenants to always verify electricity bill status before renting apartments in Kano, Katsina and Jigawa States.
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, disclosed this on Tuesday in Lagos while briefing the media after the second edition of the monthly meeting of heads of maritime parastatals, held at the NIMASA headquarters.
China said it has made headway in cracking down on illegal online businesses, said a report on the country’s cybersecurity in 2019.
Kwara has recorded eight new cases of the coronavirus (COVID-19) pandemic as at 11.45p.m on Monday, Aug 10.
Dr. Obadiah Mailafia, a former Deputy Governor of the Central Bank of Nigeria, says repentant terrorists revealed that a serving northern governor is a Boko Haram leader. Mailafia said this on ‘Morning Crossfire’ programme on Nigeria Info Abuja 95.1FM on Monday.
The leadership of the Senate and House of Representatives Committees on Army have lauded the effort of Nigerian Army in curtailing banditry and other security challenges in the North West.
President Muhammadu Buhari, on Monday, said he agrees with those who hold the opinion that the nation’s Army should do better in handling the security challenges in parts of the country.
The Big Brother Naija Lockdown housemates witnessed their very first Eviction Night show on Sunday, August 2, 2020. Unfortunately, it was a double eviction night, and subsequently, BBNaija housemates, Lilo and Ka3na became the first housemates to be evicted from the show.
Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), has described the death of Dr Dapo Williams, a UK-based Nigerian, as an irreparable loss to his family, Nigeria and the UK communities.
Prof. Itse Sagay (SAN), Chairman of the Presidential Advisory Committee Against Corruption (PACAC), has lambasted the Peoples Democratic Party (PDP) over its call for the prosecution of Ibrahim Magu, former Acting Chairman of the Economic and Financial Crimes Commission (EFCC).