Governor Siminalayi Fubara of Rivers has address a major allegation that was leveled against him by his estranged political godfather and FCT Minister Nyesom Wike.
Nigeria's banks face a recapitalisation deadline by March 31, 2026, prompting strategic shifts as lenders aim for long-term stability and financial resilience.
The European Space Agency announced Thursday it had secured a record budget of 22.1 billion euros to fund its programmes for the next three years, as the continent seeks greater independence in space. The programme, with an estimated 1.35-billion-euro budget, has both civilian and military applications and aims to strengthen European security.
Two Swiss lawmakers have asked the country's attorney general to probe the legality of gifts reportedly given to US President Donald Trump by Swiss business leaders days before the two nations cut a breakthrough tariff deal. When Washington and Bern struck a deal slashing tariffs on Swiss goods to 15 percent 10 days later, criticism of what has been dubbed "gold bar diplomacy" resurfaced.
At the 2025 National Essay Competition backed by the Federal Inland Revenue Service (FIRS), young Nigerians strongly harped on tax reforms and good governance.
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.
The European Union could fine Elon Musk's X platform for breaking its digital rules by the end of 2025 -- two years into a probe that has tested the bloc's resolve to police the online space. The EU executive doesn't want the X probe to drag on for much longer and is expected to slap a fine before the end of the year.
South Africa denounced US President Donald Trump's decision to bar it from the 2026 G20 summit, calling the move punitive and driven by distortions that erode global cooperation.
Japanese beer giant Asahi said Thursday it was not negotiating with the hackers behind a "sophisticated and cunning" ransomware attack that is about to enter its third month. It was a sophisticated and cunning attack," Katsuki said.
Asian markets rose again Thursday to extend the week's global rally as traders ramp up bets on a third successive US interest rate cut next month. The global gains come after markets took a hit this month on concerns that a tech-led surge in recent years may have been overdone and the vast sums invested in the AI sector will take some time to see returns.
In India's tech capital Bengaluru, the morning "rush hour" lasts so long it devours half the workday, throttling productivity in a city often viewed as the poster child of a booming economy.
Economy
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