The Federal Inland Revenue Service (FIRS) under Zacch Adedeji has experienced a massive transformation with an innovative approach with a human face.
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Prices of rice, tomatoes, other food items soars as retailers struggle with unpredictable costs
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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
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China and US agree to fresh trade talks
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Weak yuan, Trump tariff threats confound Beijing's economic puzzle
Higher US tariffs under President Donald Trump could accelerate a slump in the value of China's currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn. But such moves may come into conflict with Beijing's efforts elsewhere to boost an economy that is struggling to regain momentum.
Asian stocks mixed as tariff fears return, new AI programme emerges
Asian markets fluctuated Monday on fresh trade fears after Donald Trump's decision to impose huge tariffs on Colombia, in retaliation for its refusal to accept deportation flights from the United States. The move came after President Gustavo Petro blocked deportation flights from the United States.
ECB to cut rates again, with a nervous eye on Trump
Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said last week in an interview with CNBC at the World Economic Forum in Davos.
With Trump win, Silicon Valley's right flank takes on Washington
One week into his second administration, Donald Trump has put technology at the forefront, featuring tech billionaires prominently at his inauguration and announcing major AI infrastructure deals from the White House. - Palmer Luckey - Palmer Luckey, while not directly involved in the White House, carries weight as a self-made tech billionaire who challenged Silicon Valley's liberal bent.
Universal, Spotify ink multi-year deal
Universal Music Group, the world's largest music company, and streaming behemoth Spotify on Sunday announced a multi-year direct deal that will affect both recording and publishing royalty rates. The deal notably "establishes a direct license between Spotify and Universal Music Publishing Group across Spotify's current product portfolio in the US and several other countries," the companies said.
Undersea cable between Sweden and Latvia damaged: Swedish PM
Latvia said it had dispatched a warship on Sunday after damage to a fibre optic cable to Sweden that may have been "due to external factors". The statement added: "Based on current findings, it is presumed that the cable is significantly damaged due to external factors.
Expert predicts Nigeria’s debt to hit N150 trillion in 2025 as each citizen owes N619,000
An economic expert has projected that Nigeria's public debt will rise to N150 trillion by the end of the first quarter of this year, from N143.02 trillion.
US Fed prepares to pause in first rate decision since Trump's inauguration
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump. - Trump's 'demands' lower rates - Trump has frequently criticized the Fed, which has a dual mandate from Congress to act independently to tackle inflation and unemployment.
Trump's Canada, Mexico tariff threat aimed at gaining leverage in trade talks: experts
President Donald Trump's threats to impose punishing tariffs on Canada and Mexico may be part of a strategy to gain leverage ahead of new negotiations on a regional trade agreement, experts said.
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