The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
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UBS fined 75,000 euros in France for harassing two whistleblowers
A French court fined Swiss bank UBS 75,000 euros on Monday for the psychological harassment of two whistleblowers who had denounced a system that helped moneyed French clients dodge taxes. The bank and its French subsidiary were also definitively convicted of having set up a system of massive tax evasion between 2004 and 2012.
North Sea tanker and cargo ship collision injures 32
A major rescue operation was under way after a collision between an oil tanker and a cargo ship in the North Sea Monday which sparked a huge blaze and left 32 people injured. In October 2023, two cargo ships, the Verity and the Polesie, collided near Germany's Heligoland islands in the North Sea.
Buhari’s ex-aide explains why food prices will rise again despite recent drop
While Nigerians are heaving a sigh of relief over the recent drop in food prices, former special adviser on Agriculture has hinted when the prices will go up again.
15% VAT, 19 other critical provisions of President Tinubu’s Tax Reform Bill
The proposed Tax Reform Bill introduced by President Bola Tinubu contains some issues which have divided Nigerians along ethnic lines and ideologies.
Former Ubisoft bosses on trial in France accused of sexual harassment
Three former top executives from French video game giant Ubisoft, the maker of "Assassin's Creed" and "Far Cry", went on trial on Monday accused of psychologically and sexually harassing employees for nearly a decade. The third defendant, former game director Patrux, 39, has been accused of psychological harassment.
Major fuel shortage hits black gold producer Niger
Petrol station attendant Amadou Sani gesticulated to approaching motorists in Niamey to keep going because the garage had no more fuel. At the few garages in the city centre that still had fuel on Sunday, motorists and motorbike riders waited patiently and the roads were quieter than normal.
Musk spat renews opposition in Italy to Starlink deal
Italian opposition parties stepped up criticism Monday of a proposed deal between the government and SpaceX's Starlink following founder Elon Musk's suggestion he could cut Ukraine from the satellite network.
Operators continue loading despite FG’s ban on 60,000-litre fuel tankers, details emerge
The federal government issued a ban on heavy-duty fuel trucks from 60,000litres and above. Two weeks into the ban, the trucks are still loading with the product.
US President Donald Trump 'unpredictable': Greenland PM
US President Donald Trump, who wants to take over Greenland, is very erratic, the island's premier said on Monday, the eve of the self-governing Danish territory's legislative elections. "It's pretty desperate to make such a statement on the eve of an election in Greenland," she said.
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