Economy
Hong Kong court orders liquidation of China's Evergrande
A Hong Kong court on Monday issued the liquidation of battered Chinese property giant Evergrande after lawyers failed to convince a judge it had a working restructuring plan.
Wall Street girds for ugly Boeing earnings as CEO faces scrutiny
Boeing's 737 MAX 9 planes have begun to fly again after the January 5 Alaska Airlines scare, but the episode is expected to weigh on the aviation giant's finances for the foreseeable future.
"N87.91 trillion debt profile": New data shows how much each Nigerian owes under Tinubu
Recent data has shown that debt per capita has increased under President Bola Tinubu to N405,520 as Nigeria's public debt now stands at N87.91 trillion.
Boost for Nigeria as FG secures $7 billion investment deal from India
The Nigerian government has secured a $7 billion investment deal from India out of the $14 billion promised by the country during the G20 Summit in September 2023.
UK Post Office chief sacked as firm reels from IT scandal
UK Business Minister Kemi Badenoch on Sunday said she had sacked the chairman of the Post Office amid tensions over the scandal of hundreds of subpostmasters wrongly convicted of theft due to faulty accounting software. Glitches in the IT system made it look as if money was missing leading to the conviction of over 700 subpostmasters for theft or false accounting between 1999 and 2015.
FG introduces new feature to block non-citizens from obtaining Nigerian passport
FG has implemented conditions for passport issuance or renewal designed to mitigate unauthorized acquisition by individuals who are not citizens of Nigeria.
US Fed rate cuts become question of when, not if
The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent. Futures traders now expect at least five rate cuts this year, assigning a probability of almost 90 percent to a first cut by the May interest rate decision, according to an AFP analysis of CME Group data. da/nro
Fitch speaks on Nigeria’s ability to clear forex backlog to airlines, others
According to a report by a global credit rating firm Fitch, the Central Bank of Nigeria lacks sufficient foreign exchange (forex) to meet the nation's demand backlog
Farmers vow Paris 'siege' in pay, conditions battle
Farmers in the Paris region on Saturday promised to mount a "siege" on the French capital next week to pressure the government into meeting their demands on pay, tax and regulations.
Economy
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