Minister Nyesom Wike approves enforcement against 1,095 property holders who defaulted on ground rent and related charges, FCTA aide Lere Olayinka confirmed.
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.
As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running. Musk has criticized the potential ban, arguing that "it is not just about TikTok, it is about censorship and government control!"
Starbucks reported lower profits Tuesday in results that still topped expectations as the company's new CEO described various pilot program tests to reinvigorate the chain. Starbucks is also experimenting with algorithms that can improve efficiency in the production of drinks ordered through the company's smartphone app, Niccol said.
General Motors faced questions Tuesday about the impact of potential moves by the Trump administration targeting trade and the environment, with the uncertainty overshadowing the company's latest results. Acknowledging the "uncertainty," Chief Executive Mary Barra said the company had been "proactive" in engaging the Trump administration and Congress.
China-based DeepSeek's artificial intelligence model has shaken the sector by offering high performance apparently at a fraction of the cost of those developed by US giants, with many experts saying the release also hints at opportunity for investment minnow Europe.
Online gambling and gaming can cause depression and other mental health issues in young people, which the Council of Europe rights watchdog is trying to counter with a new project encouraging good policy and awareness raising.
US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a sell-off triggered by the sudden success of Chinese artificial intelligence firm DeepSeek.
Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may bear fruit. The US aviation giant reported a fourth-quarter loss of $3.9 billion as the company continued to experience a hit from a more than seven-week labor strike that shuttered two major assembly plants.
The Central Bank of Nigeria has announced that it is ready to commence repayment of all forex backlogs. The apex bank also released a new update on the verification
Britain's first teacherless AI classroom may be an "outlier", but it underlines the potential benefits and risks of a UK government drive to rollout artificial intelligence in education, experts say. - 'Efficient' - However, Rose Luckin, a professor at University College London (UCL) who researches AI in education, said AI was an "outlier" with an uncertain future in British classrooms.
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