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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US Treasury chief to speak with China counterpart as tensions flare
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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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Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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Inflation rate drops in August as report shows relief for Nigerians
Latest data from NBS showed that once again Nigeria’s inflation in August 2025 as headline dropped to 20.12% while food slowed to 21.87 per cent.
FG to train 100,000 construction workers, provide job opportunities nationwide for artisans
The Federal Government has launched a National Artisan Skills Acquisition Programme to train, certify, and connect 100,000 artisans nationwide to jobs.
US imports from Nigeria crash by 41% as Trump's tariff escalates trade tensions
New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
US 'very close' to TikTok deal with China: US Treasury chief
The United States is "very close" to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said Monday as the two sides resumed trade talks in Madrid. "On the TikTok deal itself, we're very close to resolving the issue," Bessent told reporters as he arrived at Spain's foreign ministry for a second day of talks.
Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
The Nigerian currency, the naira, is surging against the US dollar, propelled by a combination of forex inflows and the CBN's interventions in the FX market.
German defence giant Rheinmetall to take over warship maker
Germany's Rheinmetall has struck a deal to take over a warship builder, both companies said, the defence giant's latest expansion to meet booming demand as European countries rush to rearm. European countries have been racing to build up their militaries since Russia's 2022 invasion of Ukraine.
Finally, Dangote free fuel distribution begins, new petrol prices emerge
Dangote Refinery has launched over 1,000 CNG trucks for direct fuel distribution, cutting pump prices nationwide and IPMAN has reacted to the development.
US-China trade talks resume in Madrid
China and the United States resumed trade talks on Monday in Madrid, seeking to narrow differences on trade and technology that have strained relations between the world's two largest economies. Over the weekend, China launched investigations into the US semiconductor sector, signalling frictions remain high despite the Madrid talks.
Chinese factory, consumer activity slow amid economy struggles
China's economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Industrial production edged up 5.2 percent year-on-year in August, according to data from the National Bureau of Statistics (NBS), the slowest pace since the same month last year.
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