Nigeria says too much boom time oil savings spent on state governors
By Camillus Eboh and Julia Payne ABUJA (Reuters) - Nigeria's finance minister said on Thursday that a significant portion of the billions of dollars drained from the oil savings account over the past two years was distributed to powerful governors instead of being saved for a rainy day. Nigeria, Africa's biggest oil producer, is grappling with financial difficulties owing to a 30 percent fall in the price of oil since June, which has added pressure on the government's already depleted fiscal buffers. ...
Tanzania PM sidesteps calls to quit over graft claims
DAR ES SALAAM (Reuters) - Tanzania's prime minister on Thursday sidestepped calls from a parliamentary committee to resign over accusations that he had approved illegal payments to a private power company. Tanzania has discovered massive gas reserves off its coast, but the energy sector has long been dogged by allegations of graft, causing delays in disbursement of aid by donors. ...
Oil plunge a panacea for crude-reliant Asia
A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. It is also a panacea as pump prices fall, giving individuals more disposable income and lowering costs for many businesses.
Northeast Nigeria bus station blast kills 40 people - sources
YOLA, Nigeria (Reuters) - A roadside bomb tore through a bus station near a busy junction in northeast Nigeria on Thursday, killing 40 people including five soldiers, witnesses and a security source on the scene said. The security source and witness Abubakar Adamu, a mechanic who narrowly avoided being blown up himself, said the blast set several buses on fire at the Marabi-Mubi junction, in a part of the country plagued by violence linked to the Boko Haram Islamist insurgency.
Canada to deploy military health staff to Sierra Leone in Ebola fight
By David Ljunggren OTTAWA (Reuters) - Canada will send up to 40 military staff to Sierra Leone to help battle Ebola, the government said on Thursday as it also launched a campaign to recruit healthcare workers to help operate treatment centers in three West African countries. The death toll in the world's worst Ebola epidemic had risen to 5,689 out of 15,935 cases reported in eight countries as of Nov. 23, the World Health Organization said on Wednesday. ...