The Nigerian Air Force (NAF) has finally reacted to the detention of 11 Nigerians soliders by the Confederation of Sahel States (AES) in Burkina Faso.
Nigeria’s new tax law modernises administration, strengthens compliance, imposes fines and jail for offences, while reducing tax burdens for most citizens.
The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers. In a letter to Brazil's leadership, Trump cited a judical "witch hunt" against his right-wing ally, ex-president Jair Bolsonaro, in unveiling the rate.
US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs. Analysts have noted that companies tend to hold off major decisions during times of uncertainty, given the risk of sudden policy shifts.
An advertising campaign starring Sydney Sweeney for the clothing brand American Eagle has triggered the latest online firestorm causing an internet meltdown. Neither American Eagle nor the Emmy-nominated Sweeney, the 27-year-old actor best known for roles in the series "The White Lotus" and "Euphoria," have publicly responded to the backlash.
China and the United States agreed Tuesday to hold further talks on extending their tariff truce, but a top US trade official stressed that President Donald Trump would make any "final call." "Nothing has been agreed until we speak with President Trump," added Bessent, calling the tone of the talks "very constructive".
The Financial Derivatives Company (FDC) has revealed changes in food prices, as the National Bureau of Statistics shows a drop in inflation figures.
French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing. Group net profit fell to 474 million euros ($547 million) in the first half from 878 million in the same period last year, on sales that were down 16 percent at 7.6 billion euros.
Procter & Gamble executives projected a $1 billion hit from US tariffs over the next year on Tuesday as the consumer products giant said it would institute limited price hikes in the United States. But P&G executives said they don't have enough details about the just-announced deal between the United States and Europe to update the forecast.
The Nigeria Tax Administration Act (NTAA) now mandates banks, financial institutions and debt collectors to collect tax from defaulters when all avenues fail.
Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations. Boeing delivered the most planes in a second quarter, or in the first half of a year, since 2018, reflecting efforts to improve its quality control operations following a number of safety problems.
Economy
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