It was a jubilation in the military as President Bola Tinubu gave approval for a new establishment for the Nigerian Army days after he declared a state of emergency.
Dr Zacch Adedeji, the Executive Chairman, Federal Inland Revenue Service (FIRS), has revealed that 95 per cent of Nigerians will pay no tax under the new tax regime.
The UK has cut its carbon emissions by 50.4 percent since 1990 levels, a group of experts tasked with advising the government said on Wednesday. We've cut them by over 50 percent since 1990," interim committee chair Piers Forster.
Britain will reintroduce fighter jets capable of carrying atomic weapons to support NATO's nuclear mission, Prime Minister Keir Starmer's office said, as he prepares for a Nato summit Wednesday.
Chinese Premier Li Qiang warned on Wednesday that global trade tensions were "intensifying" as he addressed the opening ceremony of the World Economic Forum. "Protectionist measures are significantly increasing and global economic and trade frictions are intensifying," Li added.
Most equities extended a global rally Wednesday after Iran and Israel agreed to a ceasefire that ended more than a week of hostilities, while the dollar struggled to recover from a sharp drop stoked by bets on a US interest rate cut.
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has revealed that the federal government's revenue has increased in 4 months.
A federal judge has sided with the AI company Anthropic in its practice of training a chatbot on copyrighted books without permission from the authors. Tremendous amounts of data are needed to train large language models powering generative AI. Musicians, book authors, visual artists and news publications have sued AI companies that used their data without permission or payment.
The Spanish government on Tuesday announced a package of measures to strengthen its power grid and support renewable energy in a bid to avoid a repeat of the huge April blackout. The timeframe for installing new wind and solar energy facilities will be reduced and the government will facilitate developing power storage at renewable energy sites, notably through batteries.
The announcement is meant to inform air travellers that the Terminal 1 at the Murtala Mohammed International Airport Lagos is scheduled for a phased renovation.
The Reps committee on Customs and Excise noted that the constitution only backs one levy - the 4% Free-On Board levy, and declared the others illegal.
Economy
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