The Federal Inland Revenue Service (FIRS) has reacted to concerns raised by former Vice President, Atiku Abubakar, over the appointment of XpressPay.
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Garri price crashes by N1,800 as FG inches closer to 2025 inflation target
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60 million Nigerians spend $5.5m daily on gambling, SEC raises alarm on fading investment culture
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Pay taxes in minutes: The new simple process every taxpayer must know
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Rice prices drop sharply across markets as local supply and imports rise
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Australian mining giant BHP drops Anglo American takeover bid
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UK court jails Chinese bitcoin fraudster for over 11 years
A Chinese woman who masterminded a multibillion-dollar bitcoin scam and evaded authorities for years was sentenced to 11 years and eight months in jail by a UK court Tuesday. The court heard that she evaded UK authorities for around six years.
Fanfare as Guinea launches enormous Simandou iron ore mine
Authorities in Guinea on Tuesday officially launched production at Simandou, a gigantic mining project that they hope will propel the poor west African country into the ranks of the world's largest iron exporters. Doumbouya, who came to power in a 2021 coup, declared the day a public holiday, a sign of the importance authorities have attached to the mine.
German court rules against OpenAI in copyright case
A German court ruled Tuesday that OpenAI has infringed copyright law by using song lyrics to feed its chat models in a case that could have wide implications for European artists. "Both the memorisation in the language models and the reproduction of the song lyrics in the chatbot's outputs constitute infringements of copyright law," the court ruled.
'Splinternets' threat to be avoided, says web address controller
The risk of the internet fragmenting into national "splinternets" will likely be averted in a UN vote next month, the head of the authority that manages web addresses told AFP on Tuesday. But ICANN has warned that any such move could lead to a fragmented "splinternet" in which it could prove expensive or impossible for people to connect across separate address systems.
UK unemployment jumps to 5% before key govt budget
Britain's unemployment rate rose more than expected to five percent in the third quarter, the highest level since early 2021, official data showed Tuesday ahead of a key UK government budget.
AI stock boom delivers bumper quarter for Japan's SoftBank
Japan's SoftBank Group reported Tuesday that net profit more than doubled in the second quarter thanks to a boom in AI-related share prices that has fuelled fears of a market bubble. But that has fed concerns of a market bubble that could eventually burst, like the dot-com boom that imploded at the turn of the millennium.
Burger King to enter China joint venture, plans to double stores
US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent company said, selling its controlling stake to form a new joint venture powered by hundreds of millions of dollars in local investment. The latest shake-up follows an announcement last week by Starbucks that it will sell a controlling stake in its China retail operations.
'Demon Slayer' helps Sony hike profit forecasts
Shares in Japanese giant Sony jumped more than five percent Tuesday after it hiked full-year profit forecasts thanks to the latest "Demon Slayer" anime blockbuster. Japanese auto giant Toyota last week also hiked its operating income and net profit forecasts for the current fiscal year.
Sony hikes profit forecasts on strong gaming, anime sales
Japanese giant Sony hiked its full-year revenue and profit forecasts Tuesday on the back of the huge global success of the latest "Demon Slayer" anime blockbuster. "Demon Slayer: Kimetsu No Yaiba -- Infinity Castle: Part 1," the first title in a new trilogy based on the popular manga series, has been a huge hit.
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