The Federal Government has launched YouthCred, a new scheme allowing Nigerian youths aged 18–39 to access loans up to N5 million with flexible repayment terms.
Economy
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Do you have tax ID? FG sends message to Access, Zenith, other banks on TIN on bank accounts
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FG unveils Nigerians exempted from paying income tax as enforcement begins in January
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Tax ID enforcement begins January 2026: 12 things every Nigerian must understand now
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95% of Nigerians to pay no tax under Tinubu's new tax reform, says FIRS boss
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Dealers quote dollars at new Rate as CBN intervenes amid naira’s slide
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Trump's labor nominee walks back pro-union stances
Donald Trump's labor secretary nominee on Wednesday distanced herself from previous pro-union stances that sparked Republican criticism, as she called herself a champion of the US president's "America First agenda."
Trump administration tells Pentagon to slash budget
The Trump administration has ordered senior US military leaders to plan for expansive cuts that could slash the defense budget by eight percent annually, or some $290 billion within the next five years, US media reported Wednesday. The planned reductions also run counter to calls by Trump and Hegseth for NATO members to increase their military spending to five percent of GDP a year.
US Fed officials worried Trump policies could hinder inflation fight: minutes
US Federal Reserve policymakers expressed concern last month about the potentially inflationary effects of President Donald Trump's trade and immigration proposals, according to minutes of the meeting published Wednesday. Policymakers raised concerns that "the effects of potential changes in trade and immigration policy" could complicate the disinflation process.
EU trade chief says bloc will respond swiftly to US tariffs
The European Union will respond "firmly and swiftly" to protect its interests if Washington imposes tariffs on the bloc's goods, its trade chief said Wednesday, rejecting President Donald Trump's claim that US-EU trade ties are unfair. "To protect European interests, we will have no choice but to respond firmly and swiftly," he added ahead of talks with his US counterparts.
Ikea hopes for furniture market improvement in 2026
World number-one furniture retailer Ikea is hoping the market will improve next year from a decline in consumer spending on furnishing their homes, one of its senior leaders told AFP. During a recent visit to Paris to visit the Swedish chain's new city-centre shop, Inter Ikea chief Jon Abrahamsson Ring told AFP that 2025 is likely to be "challenging".
Arsenal post £17.7m loss despite record revenues
Arsenal lost £17.7 million in the 2023/24 season despite a return to the Champions League helping to post a club record £616.6 million ($775 million) revenue. However, wages skyrocketed to £327.8 million from £234.8 million.
Lagos State Assembly sets N1.4 trillion tax target for LIRS in 2025
The Lagos Internal Revenue Service (LIRS) has a humongous tax revenue target of N1.4 trillion to meet in 2025. The state house of assembly explained why.
Canada announces first high-speed rail: Toronto to Quebec City
Prime Minister Justin Trudeau on Wednesday announced Canada's first high-speed rail line, connecting major hubs from Toronto to Quebec City, calling it "the largest infrastructure project in Canadian history." This will be "the largest infrastructure project in Canadian history," Trudeau told a news conference in Montreal.
New inflation rate: Three Nigerian states with highest cost of living
The National Bureau of Statistics has revealed that Imo, Ebonyi, and Katsina states are Nigerian states with the highest living standards after inflation rebasing.
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