IGP Kayode Egbetokun has finally commented on the confrontation between the FCT Minister and some naval officers in Abuja and disclosed the steps taken so far.
Nigeria plans to cut Capital Gains Tax to 25% by 2026, ease corporate tax to 25%, and introduce full VAT input credits to support businesses nationwide.
Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia's biggest economy. Danantara will be Indonesia's second sovereign wealth fund, after the Indonesia Investment Authority which was launched in 2021 and holds $10.5 billion in assets.
Asian markets mostly fell Monday following a dour end to last week for Wall Street, where a disappointing round of data added to concerns about the world's number one economy.
Aderonke Atoyebi, a tax expert has explained the critical points in the Tax Reform Bill as the House of Representatives and Senate begin a Public Hearing
The Ghanaian government has raised its daily national minimum wage by 10%, disclosing that the increase becomes effective from March 1, 2025, to ease living costs.
The federal government ports modernisation project is set to create 20,000 new jobs as the different ports across the country are at different stages of completion.
Hong Kong and Singapore are the front-runners in a push by Asian governments to become cryptocurrency hubs as they look to capitalise on the global resurgence of the sector thanks to the support of US President Donald Trump.
Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles. Lawmaker Edmund Wong cautioned against pay cuts for civil servants, which he said may cause private-sector employers to follow suit, but urged the government to slim down.
Argentine President Javier Milei plans to join the reciprocal tariff plan of Donald Trump, he told an approving crowd of US conservatives at a convention near Washington on Saturday. Milei said he wanted to make Argentina "the first country in the world" to join the US in reciprocity.
One of China's leading electric vehicle makers XPeng plans to double the number of countries in which the company operates by the end of this year, its CEO said Saturday. China's government has supported the development and production of less polluting battery-powered vehicles, a field where Chinese manufacturers such as BYD and XPeng are leading the way. ehl/sn/dhc
Economy
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