
About seven million Nigerian families will receive cash transfers before the end of 2025, as the Nigerian government has said it has disbursed N300bn to Nigerians
About seven million Nigerian families will receive cash transfers before the end of 2025, as the Nigerian government has said it has disbursed N300bn to Nigerians
Four former executives at South Africa's failing transport company were arrested and charged Monday over allegations of corruption worth millions of dollars in a high-profile case linked to the plunder of state resources. The web of corruption that hollowed out the companies is commonly referred to as "state capture" in South Africa.
The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy. "I try very hard to accommodate the issues of the United States," he said.
The naira showed resilience against the US dollar last week, climbing to N1,537 per dollar as the FX reserves rose, while crude oil prices hit a new high.
The tax expert explained that the poorest Nigerians will be exempt from tax under the new law and outlined which income earners are classified as poor.
The Nigerian Education Loan Fund has warned students to be cautious of a fake online portal with fraudulent messages trying to lure students to share sensitive data.
The High Court in London rejected a legal challenge on Monday brought by a Palestinian rights group seeking to block the UK from supplying components for Israeli F-35 fighter jets. In its claim to the High Court, rights group Al-Haq called for a judicial review, saying the "carve out" was unlawful and alleging the government had misunderstood the applicable rules of international law.
UN Secretary-General Antonio Guterres urged the world to "rev up the engine of development" at an aid conference in Spain on Monday at a time when US-led cuts are jeopardising the fight against poverty and climate change.
Dutch car navigation firm TomTom said on Monday that it was slashing 300 jobs, roughly 10 percent of its workforce, as it seeks to stem financial losses and "embraces artificial intelligence". TomTom announced in a statement that it was "realigning its organisation... as it embraces artificial intelligence", resulting in "organisational changes".
Bangladesh's biggest port resumed operations on Monday after customs officials called off a strike that had disrupted the export and import of goods for around 48 hours. Senior NBR official Hasan Muhammad Tarek Rikabdar said they called off the strike after positive pledges from the government.
Economy
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