Britain looked poised to lose its AAA rating from a second ratings agency after Fitch Ratings warned on Friday it was likely to downgrade the country in the coming weeks, citing high government debt levels and weak growth. A month since Britain was downgraded by Moody’s, Fitch put the country […]
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15 Africans bag Dangote-sponsored global leaders awards
Fifteen Africans, including six Nigerians, are among 199 honourees who have been selected for the 2013 Young Global Leaders Award of the World Economic Forum instituted by the Dangote Fellowship. According to a statement by the organisation, of the 15 honourees, eight have been adjudged eligible for the Young Global […]
Nigeria further depletes oil savings for spending
Nigeria will make a second $1 billion withdrawal from its Excess Crude Account (ECA) by next month to distribute to its three tiers of government for projects, reducing its oil savings to $6.82 billion, the state minister for finance said on Thursday. The figure compares with $9 billion that the […]
