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.
Elon Musk's company xAI has launched a website called Grokipedia to compete with online encyclopedia Wikipedia, which he and others on the American right wing have accused of ideological bias. Several right-wing figures welcomed the launch of Grokipedia.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
US online retail and cloud computing giant Amazon said Tuesday that it is reducing its workforce by 14,000 posts to streamline operations as it invests in artificial intelligence, without saying where the cuts will be made. Amazon chief executive Andy Jassy has lauded the potential of AI to streamline workplace operations, from engaging with customers online to making offices more efficient.
The European Court of Human Rights said Tuesday that Norway did not breach its climate obligations when it awarded Arctic oil and gas exploration licenses in 2016. "The court clearly finds that we are not breaching human rights," he told AFP in an email.
The Nigerian currency, the naira, experienced another massive appreciation against the US dollar on Monday, October 27, 2025 in the official market.
Nigeria’s Finance Minister Wale Edun has again defended the Tinubu administration polices says the economy is improving as rice prices fall to N80,000 per 50kg bag.
The International Monetary Fund (IMF) has struck off Nigeria from its debtors' list. The fund has also released the list of African countries with the lowest debt
Asian markets cooled off Tuesday after the previous day's surge as traders digested Donald Trump's visit to Asian ally Japan, ahead of his high-stakes talks with Chinese President Xi Jinping later this week. In Tokyo on Tuesday, Trump met new Japanese Prime Minister Sanae Takaichi, declaring that the United States was "an ally at the strongest level".
HSBC reported a 14 percent drop in third-quarter pre-tax profit on Tuesday, with the banking giant's bottom line weighed down by legal provisions related to the late Bernard Madoff's huge investment fraud. The profit of $7.3 billion -- down 14 percent from the same quarter last year -- reflected an increase in operating expenses and included legal provisions of $1.4 billion, HSBC said.
Economy
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