FCT Minister Nyesom Wike reaffirms loyalty to PDP amid support for President Tinubu, highlighting the importance of party structure and rejecting APC speculation.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
The EU General Court dealt a blow to the European Commission on Wednesday in reducing what was initially a record fine against US chipmaker Intel to 237 million euros ($276 million) -- a quarter of the original sum. In the new ruling published Wednesday, the court said it had "substantially upheld the 2023 decision", but reduced the fine to 237 million euros.
EU wrangling over whether to give plant-based "sausages" and veggie "burgers" the chop and restrict such labels to meat products will grind on into next year after countries and lawmakers failed to reach a deal on Wednesday. Lawmakers at the European Parliament in October backed a proposal to reserve a list of labels including burger and sausage for foods containing meat.
US burger chain McDonald's said on Wednesday it had removed an AI-generated Christmas advert in the Netherlands after it was filleted online. McDonald's Netherlands said in a statement to AFP: "The Christmas commercial was intended to show the stressful moments during the holidays in the Netherlands.
The Federal Inland Revenue Service (FIRS) has begun to synergies with security agencies as the Nigerian government prepares to rollout new tax laws in January.
The Central Bank of Nigeria (CBN) has made the audacious move to stabilise the naira by selling $150 million to banks in the foreign exchange market
Instagram on Wednesday unveiled a new AI-powered feature that lets users view and adjust the algorithm shaping their Reels feed, calling it a pioneering move toward greater user control.
The EU said Wednesday it wants to boost energy links between France and Spain as part of a bloc-wide push to secure power supplies, months after a massive outage hit the Iberian Peninsula. The construction of two new interconnections linking France and Spain across the Pyrenees topped a list of eight "energy highways" Brussels wants to fast track.
Greece's government held emergency meetings Wednesday to address a growing farm protest movement, as demonstrators temporarily blocked the central port of Volos. Volos, one of Greece's main ports, is a key gateway into Thessaly, the country's agricultural heartland.
The Central Bank of Nigeria (CBN) has announced that Nigeria's external reserves have surpassed $45 billion, the first time in six years, a major boost for the naira
Economy
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