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.
Most stocks fell Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. "We think it's fair to suggest that the pressure on Powell to cut rates will increase, and that's adding to selling pressure on the dollar."
A federal judge has ordered the Trump administration to release billions of dollars allocated for the construction of electric vehicle charging stations in over a dozen US states. Seventeen attorneys general sued the Trump administration to unfreeze funds in May, led by California, the state with the largest number of electric vehicles.
Nigeria urges rapid implementation of the Single African Air Transport Market (SAATM) to enhance regional air connectivity and reduce travel costs across Africa.
The US Federal Reserve released plans Wednesday to relax a key capital rule for major banks, a move they say can help facilitate Treasury market trading. She argued that it reduces the chance of "market dysfunction and the need for the Federal Reserve to intervene in a future stress event."
A Czech court on Wednesday rejected a complaint filed by French energy group EDF over the bidding process that saw it lose out on a multibillion-dollar contract to build two additional reactors at a Czech nuclear plant. In the rejected complaint, EDF questioned the transparency of the bidding process.
The European Union on Thursday said it had launched an antitrust investigation into Mars' multibillion dollar acquisition of snack food business Kellanova over concerns it could lead to higher prices for consumers.
The National Identity Management Commission (NIMC) will be working with corps members to facilitate the enrolment of every Nigerian before the end of 2025.
Mexican President Claudia Sheinbaum on Wednesday threatened legal action over falling debris and contamination from billionaire Elon Musk's SpaceX rocket launches across the border in the United States. Last week, a SpaceX Starship rocket exploded during a routine ground test at the Starbase headquarters of Musk's space project on the south Texas coast near the Mexican border.
The Central Bank of Nigeria (CBN) has slightly tweaked the Customs import duty rate for cargo clearance following the relative stability of the naira.
Economy
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