Governance
Share your love
BOJ Governor Ueda Urges Scrutiny of AI, Non-Bank Risks to Financial Stability
Bank of Japan Governor Kazuo Ueda emphasized the critical need for central banks to closely examine the evolving impact of artificial intelligence and expanding non-bank financial activities on the global financial system. His remarks, delivered at a Bank for International Settlements (BIS) conference, highlight potential risks to stability, including opaque algorithmic trading and regulatory arbitrage within the shadow banking sector.
Nigerian Presidential Aide Onanuga Claims Public Support for Tinubu’s Reforms Amid Economic Shifts
Bayo Onanuga, Special Adviser on Information and Strategy to Nigerian President Bola Tinubu, has asserted that ordinary Nigerians are expressing praise for the administration's ongoing economic reforms, despite widespread challenges like surging inflation and currency depreciation. This statement positions the government's narrative against the backdrop of significant policy changes aimed at fiscal stabilization.
Tinubu Urges Unified African Minerals Strategy, Focus on Local Value-Addition
President Bola Tinubu has called for a unified African strategy to prevent the exploitation of critical minerals, urging member countries of the African Minerals Strategy Group (AMSG) to prioritize local processing and value addition to retain wealth on the continent.
Trump Administration Targets US Quantum Computer by 2028 Amid Data Security Push
Washington, D.C., United States - The Trump administration has issued an executive order mandating the development of an advanced quantum computer by 2028 to solidify US technological leadership and accelerate scientific discovery. This ambitious directive, spearheaded by Assistant to the President for Science and Technology Michael Kratsios, coincides with a nationwide push for federal agencies to adopt post-quantum cryptography to defend sensitive data against future quantum threats.
EU and Hong Kong Discuss Financial Services Dialogue Amidst Northern Metropolis Interest
The European Union and Hong Kong are engaged in discussions to establish a new financial services dialogue, signaling a potential deepening of economic ties. EU Ambassador Harvey Rouse highlighted the bloc's interest in Hong Kong's Northern Metropolis and opportunities in sustainable innovation.
Australia’s Record Cocaine Seizure Amplifies Scrutiny on West African Drug Transit Routes
An unprecedented 2.7-tonne cocaine seizure in Australia highlights the global scale of illicit drug trafficking, intensifying focus on West Africa's strategic but vulnerable position as a major transit hub for narcotics bound for international markets, potentially impacting regional financial stability and security within ECOWAS nations.
South Korea Ex-Minister Gets 25 Years for Martial Law Plot
A former justice minister in South Korea has been sentenced to 25 years in prison for his involvement in a 1979 martial law attempt, a verdict that highlights the country's ongoing efforts to reckon with its authoritarian past.
Media Advocate Ejiro Umukoro Urges Suspension of Proposed Nigerian Textbook Ranking System
Investigative journalist Ejiro Umukoro has called for the suspension of a proposed textbook ranking system in Nigeria, citing concerns over potential market monopolization, increased educational costs, and stifled competition within the publishing industry. The policy, if implemented, could impact the broader West African educational materials market.
Governor Sule Commends Nasarawa North Bye-Election as Exemplary Electoral Process
LAFIA, NIGERIA - Governor Abdullahi Sule of Nasarawa State lauded the recent bye-election in the Nasarawa North Senatorial District, describing it as the smoothest electoral exercise in the state's history. His remarks, made after casting his vote, highlighted a perceived improvement in the conduct and organization of the election, which saw the All Progressives Congress (APC) candidate, Ahmed Wadada, emerge victorious.
Hong Kong Eases Northern Metropolis Cross-Border Flow, Boosting Greater Bay Area Integration
Hong Kong introduces new measures to streamline the cross-border movement of data, materials, and capital within its Northern Metropolis development, a strategic move to deepen economic integration with Shenzhen and the broader Greater Bay Area.