President Bola Ahmed Tinubu has asked the National Assembly to summon the inspector general of police (IGP), Kayode Egbetokun. Legit.ng has the details.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
Nike reported a drop in quarterly profits Thursday, citing a drag from higher US tariffs and continued weakness in China in results that sent shares sharply lower. But tariffs remained a drag.
Thousands of Argentines demonstrated on Thursday against President Javier Milei's plans to drastically overhaul the country's labor laws to make work more flexible, restrict the right to strike and make it cheaper to fire workers. Milei's government maintains that Argentine's current labor laws are too restrictive and dissuade employers from on-the-books hiring.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced plans to launch a microfinance bank and is seeking CBN's licence.
The largest Western bank still operating in Russia was on Thursday ordered to pay nearly $400 million in compensation for losses incurred by Russian company Rasperia due to European sanctions. According to Washington and Brussels, Rasperia is linked to the Russian businessman Oleg Deripaska, who has been under Western sanctions since Russia's invasion of Ukraine in 2022.
The Nigeria Customs Service (NCS) has announced a 3% fine for commercial banks defaulting in or delaying the remittances of its duties, threatening to publish names.
Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced Thursday a $6 billion merger with fusion power company TAE Technologies, in an unexpected pivot into energy technology. TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.
US consumer inflation slowed unexpectedly in November, delayed government data showed Thursday, although levels remained higher than earlier in the year before President Donald Trump's tariffs flowed through the economy.
The Bank of England cut its key interest rate to 3.75 percent on Thursday after UK inflation eased faster than expected and as the economy weakens. The central bank last cut its key interest rate in August amid concerns over the impact of US tariffs on the UK economy.
Spain's defence ministry has ordered 100 helicopters from Airbus destined for deployment in various parts of its armed forces, the European aeronautics company said Thursday. Spain's Defence Minister Maria Amparo Valcarce Garcia called the helicopters "essential" for the operations of the armed forces.
Economy
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