Governor Seyi Makinde approved the 2025 13th‑month salary bonus for Oyo workers, cleared minimum wage arrears, and inaugurated LAUTECH Teaching Hospital board.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
Turkey has hit German sporting equipment giant Adidas with a fine of more than $15,000 for failing to inform customers that one of its flagship shoe models contained pigskin.
Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world's third-largest automaker by unit sales. The cancellation of the merger talks would have no impact on the earnings of both automakers, it said.
Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to electric vehicles, the latest blow for Germany's stalling auto sector. Hit by high manufacturing costs at home, weak demand, fierce competition and a sluggish shift to EVs, Germany's flagship auto sector is battling a growing crisis.
Jeff Bezos's rocket company Blue Origin is laying off around 10 percent of its workforce following a period of rapid expansion, the firm's chief executive told staff on Thursday.
Dangote Group has revealed that it invested over $700m into the sugar production subsidiary, to boost production in Nigeria and improve food security.
US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home. But economists warn that his broad-ranging tariffs on US imports would likely boost inflation, not reduce it, in the near term and could weigh on growth eventually.
Digital titans including Facebook and TikTok formally pledged to ramp up the fight against disinformation in the EU, Brussels said on Thursday, just days after the new US administration condemned the bloc's online content rules. The DSA forces all digital firms to police content online and tackle the spread of mis- and disinformation.
French judicial authorities have charged the president of Paris Saint-Germain football club, Nasser Al-Khelaifi, with complicity in abuse of power concerning shareholder voting at a company, a source close to the case said Thursday.
Nigerian billionaire, Tony Elumelu has shared how much returns he gets from his investments in Africa, stressing that no other continent matches Africa in ROI
Economy
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