FCT Minister Nyesom Wike has hailed President Bola Tinubu for his new appointment. The reason for the jubilation of the former governor has been disclosed.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
As the world's biggest wireless technology fair, the Mobile World Congress in Barcelona is packed with manufacturers showing off their latest gadgets and inventions. Demonstrator models at their stand show off proofs of concept for each of the capabilities that co-founder Roman Axelrod says they want to pack into a single prototype device "by the end of 2026".
The Nigerian naira continued its gain against the US dollar on Monday, March 3, 2025, trading at N1,499 per dollar, from N1,500 it traded the previous day.
At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday. The fair on Tuesday showcased the huge spectrum of such exports -- sellers of everything from bath mats to cosmetics told AFP their businesses would be affected in some way.
Sporting military uniforms and multi-coloured traditional garb, delegates from all four corners of China descended on the capital on Tuesday for the country's largest annual political event -- a red-carpet cameo for the ruling elite. But that was punctuated with the occasional pop of colour and traditional dress from representatives of China's 55 officially recognised minority groups.
France voiced opposition Tuesday to seizing frozen Russian assets to fund a European military spending boost for Ukraine, arguing such a move would be against international agreements. He added that such funds cannot come from "assets that are captured" as this "would be contrary to international agreements that France and Europe have signed up to".
The Nigerian government has announced that the launch of N220 million Micro, Small, and Medium Enterprises (MSME) award for outstanding entrepreneurs
Oil giant Saudi Aramco posted a drop in annual profits on Tuesday as lower prices and volumes hit the lynchpin of the kingdom's ambitious economic reform plans. The world's biggest crude exporter said profits were down more than 12 percent to $106.25 billion in 2024, the second annual drop following a surge in oil prices in 2022.
The power sector is plagued with challenges ranging from operational inefficiencies, maintenance issues, and constraints in gas supply, and this plan will fix them.
Taiwanese chip-making giant TSMC will invest at least $100 billion in the United States to build "cutting edge" manufacturing facilities, President Donald Trump said on Monday, announcing the latest blockbuster financial pledge by a private company since his return to office.
Economy
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