Senator Ireti Kingibe joined the ADC in Abuja, leaving Labour Party after months of speculation, becoming its only serving Senator and boosting opposition politics.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
Greece on Tuesday began charging a tax on island cruise ships, the latest European effort to tackle soaring visitor numbers to the continent's most popular destinations. Greece adopted the legislation last year in an effort to curb soaring tourist numbers to often-overcrowded destinations, the latest country in Europe to take such measures.
Nigeria's growing indebtedness has become a cause for concern. Legit.ng reported that Nigeria borrowed over N4.7 trillion within the first 3 months of 2025.
Republican senators struggled Tuesday for a second day to pass President Donald Trump's flagship spending bill, which would slash welfare programs for the poor while adding an eye-watering $3 trillion to the national debt. And even with the spending cuts, the bill would still add more than $3.3 trillion to the nation's already yawning budget deficits over a decade.
AI is transforming the global financial landscape & one Nigerian fintech is at the forefront. VeendHQ is rewriting the rules of credit access across Africa.
UK Prime Minister Keir Starmer faced the most serious internal rebellion of his year-long premiership on Tuesday with MPs set for a close vote on welfare reforms that have already forced a damaging climbdown. The prime minister has a massive majority of 165 MPs, meaning he should be able to force whatever legislation he wants through parliament.
The Nigerian currency, the naira closed June strongly against the dollar, appreciating to N1,529 per dollar in the official spot rate on Monday, June 30, 2025.
India's capital banned fuel sales to ageing vehicles on Tuesday as authorities try to tackle the sprawling megacity's hazardous air pollution. The ban that came into force on Tuesday seeks to keep them off the roads by barring them from refuelling.
Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa. CBEX collapsed in April, leaving scores of investors like Edwin ruined, mainly in Kenya and Nigeria, according to media reports.
Asian stocks rose Tuesday amid optimism countries will strike US trade deals, though Tokyo's Nikkei sank after Donald Trump threatened to impose a fresh tariff rate on Japan as he hit out at the country over rice and autos.
Economy
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