FG, CBN Sign MoU on Inflation, Debt and Forex Coordination
The Federal Government and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding to strengthen coordination between fiscal and monetary authorities as Nigeria…
Nigeria Wins $3.38bn Mambilla Power Project Arbitration
Nigeria has secured a favourable ruling in a long-running international arbitration dispute involving Sunrise Power and Transmission Company Limited and the proposed Mambilla Hydroelectric Power Project…
Tinubu Orders Probe Into 37 Miners’ Deaths in NSCDC Custody
President Bola Ahmed Tinubu has ordered a full and transparent investigation into the deaths of 37 suspected illegal miners who died while in the custody of…
Former Assad Official Sentenced to 60 Years in US for Torture
A former Syrian government official who headed Adra Prison near Damascus during the rule of Bashar al-Assad has been sentenced to 60 years in a United…
Nairobi to Host 2029 World Athletics Championships in Historic Africa First
Nairobi will host the 2029 World Athletics Championships, becoming the first African city to stage the senior global athletics event. World Athletics announced the decision on…
AI Safety Debate Intensifies as Labs Disclose Model Misbehaviour
The debate over artificial intelligence safety has intensified as leading AI companies disclose more evidence of unexpected model behaviour, discuss joint safety work and face growing…
Central Banks Tighten as Oil Shock Keeps Inflation Risks High
Major central banks are tightening monetary policy again as higher energy prices threaten to keep inflation above target and complicate the global economic outlook. The shift…
Global Stagflation Fears Rise as Oil Prices and Rates Increase
Global economies are facing renewed concerns about stagflation as higher energy prices and rising borrowing costs put pressure on both inflation and economic growth. Oil prices…
Indonesia Finance Minister Pledges Tax Refunds for Eligible Businesses
Indonesia's new Finance Minister, Suahasil Nazara, has pledged that businesses and other taxpayers entitled to tax refunds will receive the money owed to them under existing…
Indonesia Keeps Rp200 Trillion Cash Placement at State Banks
Indonesia will keep Rp200 trillion ($11.27 billion) of government reserve funds deposited at state-owned commercial banks until July 2027, the country's Finance Ministry said on Friday.…