Ademola Adeleke, governor of Osun state, has snubbed the ruling APC after resigning from the PDP. Adeleke officially announced his new party on Tuesday.
Nigeria’s new tax law modernises administration, strengthens compliance, imposes fines and jail for offences, while reducing tax burdens for most citizens.
Global stock markets struggled for momentum Friday as doubts built over whether the US Federal Reserve would cut interest rates next month and amid persistent fears of a tech bubble. Traders trimmed bets on a December rate cut after several Federal Reserve officials voiced concerns about cutting borrowing costs while inflation remained high.
The head of France's TotalEnergies, one of the few oil executives to attend UN climate talks in Brazil, jousted Friday with activists, defended his presence and sidestepped questions about his sector's role in global warming. Pouyanne attended an event on decarbonizing the oil and gas industry.
Bulgaria on Friday nominated a senior government official to take control of a major Lukoil refinery in the east of the country following US sanctions against the Russian oil giant.
The United States and Switzerland are set to unveil details of a trade pact Friday, with both sides reaching an agreement to sharply lower tariffs recently imposed by President Donald Trump, officials said. The Swiss government separately announced that Switzerland and the United States have found an agreement where US tariffs will be slashed from their current 39-percent level to 15 percent.
Kyrgyzstan and Tajikistan are facing an energy crisis as water levels have plummeted at the reservoirs powering their largests hydropower stations, officials said this week. The water level in the reservoir connected to Tajikistan's Nurek power plant has dropped by 2.47 metres (8.1 feet) over the last year, the state utility firm told AFP on Friday.
A financial analyst, Omowunmi Samuel, has disclosed that the Nigerian government did not introduce new taxes on savings, but only enforcing an existing law.
Serbia's diplomatic balancing act has left it teetering on the brink of a winter energy crisis, analysts warn, as US sanctions on its only oil refinery, the EU's phaseout of Russian energy, and Moscow's gas supply hardball hit home.
A British court ruled Friday that Australian mining giant BHP is liable for one of Brazil's worst environmental disasters, potentially paving the way for billions of pounds in compensation. "BHP are strictly liable as 'polluters' in respect of damage caused by the collapse," the High Court in London said in its ruling following a mammoth trial.
The German parliament's budget committee has approved revised 2026 spending plans that include even higher debts than originally thought, lawmakers said Friday, as the government gears up for an investment splurge.
Economy
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