The federal government has waived import duties of almost N100 billion on food items like rice and maize. Certain food prices are expected to crash as a result.
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W. House slams Amazon over 'hostile' plan to display tariff effect on prices
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US consumer confidence hits lowest level since onset of pandemic
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FG releases list of property exempted from tax, sends message to landlords, developers
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CAC to arrest business owners operating without registration, announces deadline
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Spotify posts record profit in first quarter
E-commerce tycoon Huang tops China's rich list
E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful algorithms. In 2015 he founded online shopping site Pinduoduo, which blossomed into one of China's most successful e-commerce empires -- rivalling Jack Ma's Alibaba.
Asian stocks track Wall St rally as US jobs data ease recession fears
Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world's top economy could tip into recession, bringing a painful week to a positive end. "The path of policy will be determined by the data and the strength of the economy."
UBA, Access, Zenith, others list new condition to grant loan to customers
The banking industry's lending rates surged to as high as 60% yearly in June due to the impact of high interest rates, which reduced credit to the private sector.
Trump says US president should have say over monetary policy
Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve and suggested that the US president should have "at least a say" over the course of monetary policy. "I feel the president should have at least a say" about monetary policy, he said, adding he had "fought him very hard" on some occasions -- an apparent reference to Powell.
Apple makes changes to App Store after EU warning
Apple on Thursday announced changes to its App Store after the European Union accused the iPhone maker of breaking the bloc's landmark new digital rules. The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay, making Apple the first ever tech firm to face accusations of breaching a new law known as the Digital Markets Act (DMA).
Flying's never been safer, says MIT study
Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds commercial air travel keeps getting safer, with the risk of death halving every decade. The last major commercial airline disaster in the United States was in 2009, when Colgan Air flight 3407 crashed, killing 50 people.
Currency in circulation hits N4 trillion, money outside bank reaches 93.6% amid naira gains
The Central Bank of Nigeria has reported a growth in the amount of currency in circulation, which hit a high of N4.04 trn, and money outside the banks at N3.87trn
Paris 'flying taxis' scheme misses Olympic debut
Flying taxis could whisk passengers across Paris or help with emergency medical care from December, operators said on Thursday, while acknowledging that the dream of showing off the scheme during the Paris Olympics was impossible.
Court orders payment of N1bn to former workers as Ecobank acquires another bank
The National Industrial Court has mandated that Ecobank Nigeria Limited pay N1,086,611,589.11 into the Chief Registrar of the National Industrial Court's account.
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