IGP Kayode Egbetokun has finally commented on the confrontation between the FCT Minister and some naval officers in Abuja and disclosed the steps taken so far.
Nigeria plans to cut Capital Gains Tax to 25% by 2026, ease corporate tax to 25%, and introduce full VAT input credits to support businesses nationwide.
A financial analyst, Omowunmi Samuel, has disclosed that the Nigerian government did not introduce new taxes on savings, but only enforcing an existing law.
Serbia's diplomatic balancing act has left it teetering on the brink of a winter energy crisis, analysts warn, as US sanctions on its only oil refinery, the EU's phaseout of Russian energy, and Moscow's gas supply hardball hit home.
A British court ruled Friday that Australian mining giant BHP is liable for one of Brazil's worst environmental disasters, potentially paving the way for billions of pounds in compensation. "BHP are strictly liable as 'polluters' in respect of damage caused by the collapse," the High Court in London said in its ruling following a mammoth trial.
The German parliament's budget committee has approved revised 2026 spending plans that include even higher debts than originally thought, lawmakers said Friday, as the government gears up for an investment splurge.
The naira has rebounded in the official foreign exchange market despite threats posed by external shocks, Also, Nigeria's external reserves hit $43.4bn.
Swiss luxury group Richemont, owner of Cartier and other iconic luxury brands, on Friday reported sales ahead of analysts' forecasts notably thanks to strength in its jewellery division. Strong demand for jewellery boosted the sales of brands Buccellati, Cartier, Van Cleef & Arpels and Vhernier by six percent in the reporting period, with momentum accelerating in the second quarter.
More than 500 economists and other leading experts, including a Nobel laureate and a former United States treasury secretary, on Friday urged G20 leaders to establish an international panel to tackle extreme wealth disparities.
Retail sales in China grew last month at the slowest pace in over a year, official data showed Friday, highlighting the battle facing authorities' efforts to counteract persistent consumer malaise. Retail sales rose 2.9 percent on-year last month, data from the NBS showed, slightly lower than the three percent increase recorded in September.
A pair of swivelling, human-like robotic arms, built for physical artificial intelligence research, mirror the motions of an operator in a VR headset twirling his hands like a magician. Nevertheless, big deals are being struck, even as booming investment in artificial intelligence feeds fears of a stock market bubble.
Economy
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