Anambra government has declared Friday a work-free day and gave reason for the development. There will be a governorship election in the southeast state on Saturday.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
Tech giants Meta and TikTok said Tuesday they will obey Australia's under-16 social media ban but warned the landmark laws could prove difficult to enforce. Australia will from December 10 force social media platforms such as Facebook, Instagram and TikTok to remove users under the age of 16.
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up investments in artificial intelligence, according to US media reports.
Russian oil giant Lukoil will sell its overseas assets, the company said late Monday, after it was hit with US sanctions over the war in Ukraine. "Owing to the introduction of restrictive measures against the company and its subsidiaries by some states, the company announces its intention to sell its international assets," Lukoil said in a statement.
The Chairman of the Federal Inland Revenue Service (FIRS), Zaach Adedeji, has hailed the role of the judiciary in inspiring investor confidence in Nigeria.
A civil society group, the Coalition for Equitable Development and Fiscal Justice (CEDFJ), has asked President Bola Tinubu to expedite action on the 2025 budget.
Sterling Bank and the Development Bank of Nigeria (DBN) have unveiled a N20 billion credit facility for women entrepreneurs to scale their craft.
Asian equities surged Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump and Xi Jinping to finalise a deal, averting an escalation in the world's biggest trade dispute. Futures for US copper surged on the trade deal optimism, bolstering the outlook for global demand.
Brazil's President Luiz Inacio Lula da Silva said Monday a trade deal with the United States could happen within days, possibly easing punitive tariffs after months of animosity. Lula met President Donald Trump at an Association of Southeast Asian Nations (ASEAN) summit on Sunday, after urging the US leader earlier this month to lift punitive 50 percent trade tariffs.
The European Central Bank is expected to hold interest rates steady this week for its third straight meeting, with inflation under control and the long-struggling eurozone economy looking healthier. The eurozone economy has long been treading water, dragged down in particular by a poor performance in Germany, with growth rates lagging far behind those of China and the United States.
Economy
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