Federal Government denied plans to monitor bank accounts for tax; small businesses earning below ₦12 million exempt from income tax under new reforms.
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Naira breaks 13-year record, appreciates 6.5% in 2025, amid CBN intervention, reserves growth
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Banks begin 10% tax on dollar deposits as Nigeria’s new tax laws take effect
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No longer an importer? Nigeria’s fuel exports jump 44% as $3.42bn surplus signals turning point
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FG unveils Nigerians exempted from paying income tax as enforcement begins in January
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Nigeria’s tax ID portal will go live on January 1, FG sends message to Nigerians
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Most Asian markets rise as traders await key US data
Markets mostly rose Wednesday, following a resumption of Wall Street's rally, but gains were muted as investors await the last tranche of US data before next week's Federal Reserve meeting. IG market analyst Fabien Yip wrote: "Friday's core PCE index represents the final major inflation gauge before the Fed's December policy meeting.
Italy's luxury brands shaken by sweatshop probes
A series of investigations into exploitative work conditions within fashion subcontractors has roiled Italy's luxury industry, with the government decrying attacks on "Made in Italy". Italy's government has gone on the offensive, with Industry Minister Adolfo Urso saying the reputation of Italian brands was "under attack".
Women don fake mustaches in LinkedIn 'gender bias' fight
Flipping their gender setting to "male" and even posting photos with fake mustaches, a growing number of women on LinkedIn have posed a provocative challenge to what they allege is an algorithmic bias on the platform.
What are 'rare earths' for?
Crucial for making smartphones, fighter jets and electric cars, "rare earth" metals have become a strategic bargaining chip since main producer China this year introduced restrictions on their exports. - Fighter jets, golf clubs - Aviation is a major consumer of rare earths, especially for military plane manufacturing.
San Francisco sues producers over ultra-processed food
San Francisco is suing makers of the ultra-processed food that health experts say has led millions of Americans into obesity during decades of over-consumption, the city said Tuesday. "These companies created a public health crisis with the engineering and marketing of ultra-processed foods," San Francisco City Attorney David Chiu said.
Trump hints economic adviser Hassett may be Fed chair pick
US President Donald Trump on Tuesday hinted that he wants to nominate his chief economic adviser Kevin Hassett to replace outgoing Federal Reserve Chairman Jerome Powell next year. Hassett, a PhD economist, is currently chair of the National Economic Council, a White House body which advises the president and his cabinet on policymaking.
Faberge's rare Winter Egg fetches record £22.9 mn at auction
Faberge's The Winter Egg, considered one of his most beautiful creations, sold for nearly £23 million ($30 million) at auction Tuesday in London, smashing the sales record for the legendary jeweller of Imperial Russia.
Nigeria records $2.25bn oversubscription in Eurobond market
Nigeria has raised $2.25 billion through a heavily oversubscribed dual-tranche Eurobond issuance, according to a report by the Debt Management Office (DMO)
Amazon unveils new AI chip in battle against Nvidia
Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push to compete with Nvidia in the lucrative market for artificial intelligence computing power.
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