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Nevertheless, for the first time since the war broke out, the central bank has presented a monetary policy strategy and the finance ministry a budget.
However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…
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DOI: 10.1108/OXAN-DB284069
ISSN: 2633-304X
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Although a 14-day grace period to make the payment or agree a payment suspension has yet to expire, there is now a high risk that a default is imminent.
The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…
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DOI: 10.1108/OXAN-DB283254
ISSN: 2633-304X
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ETHIOPIA: EU aid provides political and economic win
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DOI: 10.1108/OXAN-ES282419
ISSN: 2633-304X
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This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…
The attack is the most serious attack on foreign nationals in recent years, although the government has also blamed the ADF for various other recent attacks.
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DOI: 10.1108/OXAN-DB283168
ISSN: 2633-304X
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KENYA: IMF aid boost offers much-needed support
Stronger economic growth in the United States, falling domestic inflation and improving government finances are expected to support the region’s exports, consumption and…