Officers of the Nigerian Air Force (NAF) who were detained by Burkinabe authorities in their country after their landing last week have lamented.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
UniCredit's chief executive said Wednesday he could wait until 2027 to determine whether a takeover of Germany's Commerzbank made sense for Italy's second-largest bank. "At this point, patience is the most important point because we need to execute on our plan, get it done well," said UniCredit chief executive Andrea Orcel Wednesday.
Earlier in 2024, Nigerian Breweries acquired 80% stakes in the company. The latest acquisition of the remaining 20% means 100% ownership of the wine maker.
The global music industry raked in a record $29.6 billion last year as online streaming propelled revenues to their highest level since records began in the 1990s, new figures showed on Wednesday. Streaming now accounts for more than two-thirds (69 percent) of global revenues, or $20.4 billion.
Spanish bank Santander announced Wednesday plans to close one fifth of its UK branches, impacting 750 jobs, as the switch to online banking gathers pace. As part of the restructuring, Santander plans to contribute to the expansion of local banking hubs and to use "community bankers" who will provide face-to-face support.
Groups from five African countries filed fraud and corruption complaints Wednesday accusing French billionaire Vincent Bollore and one of his sons of illegally obtaining and benefitting from port concessions. Wednesday's complaint now accuses Bollore of corruption, benefitting from influence peddling and the unlawful taking of interests of local officials in Cameroon, Ghana and Ivory Coast.
The FX crisis started in 2023 and has since continued, resulting in almost 300% depreciation of the naira. Businesses like Dangote's have suffered huge losses.
PENGASSAN members had staged a protest at the company headquarters, over discrimination against Nigerians and other anti-labour practices, but nothing was done.
For the second time this month, the Debt Management Office is opening auction of two FGN bonds with attractive returns. The agency has listed benefits of subscribing
Tech firms are fighting the scourge of deepfakes, those deceptively realistic voices or videos used by scammers that are more available than ever thanks to artificial intelligence. Ever-improving generative artificial intelligence (GenAI) tools have become weapons in the hands of bad actors intent on tricking people out of their money or even their identities.
Economy
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