Senator representing Zamfara West, Abdul’aziz Yari, has explained why the north has no choice but to support President Bola Ahmed Tinubu’s re-election bid in 2027.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
The Bank of Japan hiked interest rates to a 30-year high of 0.75 percent on Friday, the first increase since January, as it said the economy had shown signs of improvement. However, with worries about the global outlook and US tariffs growing, it paused at the start of 2025, with the last increase in January taking rates to their highest level in 17 years.
Asian markets rose Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while blockbuster earnings from chip firm Micron helped soothe nerves over a tech bubble.
TikTok boasts over a billion users worldwide, including more than 170 million in the United States, it says -- nearly half the country's population. The platform has faced scrutiny from governments worldwide, particularly in the United States, over data privacy and potential ties to the Chinese government, including accusations of spying and propaganda.
President Donald Trump signed a sweeping defense policy bill into law Thursday that signaled strong bipartisan support for Europe and defied the US leader's increasingly hostile posture toward NATO and America's closest allies.
TikTok said Thursday it had signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban threat over its Chinese ownership, US media reported.
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.
Economy
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