New details emerge on the rumoured Osisioma Flyover collapse in Abia, southeast Nigeria, which reportedly killed 19 people. The verified facts have now emerged.
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.
Gold prices hit a fresh record Monday while the dollar weakened further and stocks were mixed amid worries about Donald Trump's tariff blitz and bubbling row with the Federal Reserve. The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures against those who "appease" Washington in the blistering tariff war. Trump said Thursday that the United States was in talks with China on tariffs, adding that he was confident the world's largest economies could make a deal to end the bitter trade war.
Josh Staph fears the fun-packed shelves of his toy warehouse might start looking joyless in the months ahead, with made-in-China flying discs and model gliders grounded -– like much of his product line –- by Donald Trump's tariffs. "Things have ground to a halt," said Staph, chief executive of Duncan Toys Company, which has a warehouse in Indiana.
Fuel prices in Nigeria have dropped significantly following the government's renewed naira-for-crude policy and global oil price declines. But it could go lower.
Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms under President Donald Trump. The billionaire real estate tycoon has pulled the United States out of an international deal on taxing multinationals and threatened tariffs on countries that target US tech giants.
Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are poised to climb further as Boeing and Airbus are buffeted by trade tariffs. To resolve a labor strike, Boeing late last year agreed to a new contract with its Seattle-based machinist union that lifted wages by 38 percent over four years.
Citing the US-China trade conflict, Ford said Friday it has "adjusted" its exports to the country, where the US auto giant operates manufacturing jointly with local partners. "We have adjusted exports from the US to China in light of the current tariffs," Ford told AFP without specifying the models affected.
Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank. Powell has said he has no plans to step down early, adding this week that he considers the bank's independence over monetary policy to be a "matter of law."
The Aliko Dangote Foundation has extended its N16 billion food programme to the Federal Capital Territory, Abuja and Kogi State to ease the standard of living.
Economy
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