Breaking News


COVID-19: Rivers Government cuts 2020 budget by nearly half

Stop media trial against us, Rivers govt tells EFCC

By Egufe Yafugborhi – Port Harcourt Rivers State Government has slashed its 2020 budget size by nearly half, 48% from N530,813,357,619.00 Billion to 300,370,071,183.00 Billion. The state has also announced a free bus service for commuters in Port Harcourt and environs from Monday, June 1, 2020, through the coronavirus pandemic just as the dead can
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Fitch, South Africa, Ratings

Fitch downgrades South Africa’s credit rating to ‘junk’ status

Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised economy, which is still smarting from a Moody’s downgrade last week. Fitch lowered its long-term foreign-currency issuer default rating to ‘BB’ from ‘BB+” and assigned a negative outlook. The agency cited “the lack of a
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