Transnet Group CEO Portia Derby once exercised oversight on state-owned entities (SOEs) as director-general of public enterprises. She now occupies ... the hot seat at a company often described as the “spinal cord” of South Africa’s economy. Meet CEO Derby's executive team at Transnet.
Finance Minister Zainab Ahmed told federal lawmakers that N6.7trn ($15.9bn) will be spent on petrol subsidies in 2023: “From January to December, it will be N6.715trn. If you are projecting for half a year, it will be 50% of that, N3.375trn.”
Global oil prices rise, Nigeria’s subsidy payments increase
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