Ademola Adeleke, governor of Osun state, has snubbed the ruling APC after resigning from the PDP. Adeleke officially announced his new party on Tuesday.
Nigeria’s new tax law modernises administration, strengthens compliance, imposes fines and jail for offences, while reducing tax burdens for most citizens.
The naira's value improved in the foreign exchange market against the US dollar, closing the week positively, with the forex markets converging for the first time.
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Alibaba plans to "invest at least 380 billion yuan ($53 billion) over the next three years to advance its cloud computing and AI infrastructure", a company statement said.
Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia's biggest economy. Danantara will be Indonesia's second sovereign wealth fund, after the Indonesia Investment Authority which was launched in 2021 and holds $10.5 billion in assets.
Asian markets mostly fell Monday following a dour end to last week for Wall Street, where a disappointing round of data added to concerns about the world's number one economy.
Aderonke Atoyebi, a tax expert has explained the critical points in the Tax Reform Bill as the House of Representatives and Senate begin a Public Hearing
The Ghanaian government has raised its daily national minimum wage by 10%, disclosing that the increase becomes effective from March 1, 2025, to ease living costs.
The federal government ports modernisation project is set to create 20,000 new jobs as the different ports across the country are at different stages of completion.
Hong Kong and Singapore are the front-runners in a push by Asian governments to become cryptocurrency hubs as they look to capitalise on the global resurgence of the sector thanks to the support of US President Donald Trump.
Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles. Lawmaker Edmund Wong cautioned against pay cuts for civil servants, which he said may cause private-sector employers to follow suit, but urged the government to slim down.
Economy
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