New development has emerged concerning the reported death of the deputy governor of Bayelsa, Senator Lawrence Ewhrudjakpo, as the PDP made great release.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
German business leaders called Monday for the swift formation of a new ruling coalition to usher in a "new beginning" for Europe's crisis-wracked top economy after the conservatives' election win. After political paralysis under the last government, there are hopes that conservative election winner Friedrich Merz can quickly build a more stable coalition capable of driving much-needed reform.
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.
Economy
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