The UK govt spent a whopping €5b on Brexit

The UK's National Audit Office (NAO) has released a report showing that government departments spent at least £4.4 billion (€5.08 billion) preparing for the United Kingdom's exit. In the 32-page report, published on Friday (March 6), the office said it had asked all 18 central government departments and two non-ministerial departments to provide information on the cost … Continue reading The UK govt spent a whopping €5b on Brexit

Trump ready to invest $2.5b on coronavirus cure

The White House sent to the United States Congress its US$2.5 billion supplemental budget proposal to fight the novel coronavirus (Covid-19). “Today, the Administration is transmitting to Congress a US$2.5 billion supplemental funding plan to accelerate vaccine development, support preparedness and response activities and to procure much-needed equipment and supplies,” Rachel Semmel, a spokeswoman for the … Continue reading Trump ready to invest $2.5b on coronavirus cure

President Buhari ready to present 2018 Budget

The Presidency said yesterday that President Muhammadu Buhari was fully ready to present the 2018 Appropriation Bill to the National Assembly, adding that he was only waiting for the legislative arm of government to give him a date for the presentation. Image: Muhammadu Buhari The Senior Special Assistant to the President (National Assembly Matters), Ita … Continue reading President Buhari ready to present 2018 Budget

Nigeria’s Presidency angered by Senate’s rejection of a request to borrow $30 billion

The Senate has rejected President Muhammadu Buhari’s request for authorisation to borrow about $30 billion. The president, last Tuesday, forwarded a request to the National Assembly to approve external borrowing plan of $29.960 billion to execute key infrastructural projects across the country between 2016 and 2018. Image: Muhammadu Buhari He made the requests in two … Continue reading Nigeria’s Presidency angered by Senate’s rejection of a request to borrow $30 billion

EU Commissioner Sees 15 Percent Drop In EU Budget Post-Brexit.

BUCHAREST - Britain's exit from the European Union will mean a worrying 15 percent drop in the bloc's annual budget from 2020, EU Regional Policy Commissioner Corina Cretu said on Monday. EU leaders are due to discuss the outcome of Britain's June 23 vote to leave the EU at a meeting in Brussels on Tuesday. … Continue reading EU Commissioner Sees 15 Percent Drop In EU Budget Post-Brexit.