Pressure mounted on President Bola Tinubu as US forces pushed for a Muslim-Christian ticket in 2027, reshaping APC plans and raising doubts over Shettima’s future.
Nigerians will face a new 7.5% VAT on digital banking services from January 2026, sparking concerns over financial strain amid criticism from consumer groups.
EU leaders are under pressure to hammer out how to keep financing Ukraine at a summit starting Thursday -- with key player Belgium resisting a push to use frozen Russian assets. EU officials have promised leaders will not leave the summit until they agree how to keep funding Ukraine -- setting up potentially marathon talks in Brussels.
There is a massive spike in the demand for the US dollar in the official foreign exchange market, putting the naira on a tight corner, but analysts say there is hope
The FIRS has clarified recent public concerns surrounding its MoU with France’s tax authority, stating that the agreement poses no risk to Nigeria’s data security.
European nations have committed themselves to huge hikes in spending on weapons, with giant defence firms reaping the early rewards -- but the signs are that smaller companies and investors are now beginning to mobilise.
German shipyard Meyer Werft has received a mega order worth up to 10 billion euros ($11.7 billion), officials said Monday, a boost for the shipbuilder after a state rescue last year. "We talk about shipyards differently than we did even two years ago because they are systemically important," said Olaf Lies, minister president of Lower Saxony state, where Meyer Werft has its headquarters.
The recent tax reforms spearheaded by the Federal Inland Revenue Service (FIRS) has seen an uptick e-invoicing, driven by Afri Invoice for entrepreneurs.
Spain's leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis. The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.
Brussels is headed for a showdown this week over the European Union's free-trade deal with South American bloc Mercosur, after Paris launched a last-ditch effort to derail the signing of the landmark accord. European Commission chief Ursula von der Leyen is due in Brazil on Saturday to sign in the agreement, which, 20 years in the making, would create the world's biggest free-trade area.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
Economy
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