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.
War, tariffs and the Air India crash will cast a shadow over the Paris Air Show as the aerospace industry's biggest annual gathering opens on Monday. Boeing chief executive Kelly Ortberg cancelled plans to attend the Paris Air Show to focus on the investigation into the crash.
Global airlines on Friday cancelled flights to Tel Aviv, Tehran and other Middle East destinations, or rerouted planes, as airspaces shut following Israeli strikes on Iran. Emirates, the Middle East's largest airline, cancelled flights to and from Iraq, Jordan, Lebanon and Iran after Israel launched the strikes.
Nigeria has sold over a trillion naira worth of crude to several African countries, even as Dangote Refinery still imports. India is Nigeria's biggest buyer now.
The MultiChoice report blamed the loss of 1.4 million subscribers to the recent economic hardships. The company is planning a new package to lure customers back.
The Central Bank of Nigeria (CBN) injected about $580 million into the foreign exchange market in May to save the naira from depreciation in the FX market.
After three years of doom-defying growth, Russia's heavily militarised economy is slowing, facing a widening budget deficit and weak oil prices, all under the threat of more Western sanctions. It now expects a budget deficit of 1.7 percent of GDP -- three times higher than initially predicted.
American AI giant Anthropic aims to boost the European tech ecosystem as it expands on the continent, product chief Mike Krieger told AFP Thursday at the Vivatech trade fair in Paris.
At a time of growing concern over the power of the world's mighty tech companies, one German state is turning its back on US giant Microsoft. He explained that the state wants to rely on publicly owned German digital infrastructure rather than that of an American company.
NATO leaders meeting in The Hague this month look set to agree to a major increase in military budgets under pressure from US President Donald Trump. The demands on NATO's European members are huge: new hardware targets agreed this month will require the biggest armament spree in decades.
Economy
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