The ruling APC has announced the seventh governor of PDP has dumped the party and joined its folds, now controlling second geopolitical zone in Nigeria.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
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
Pesticides are significantly harming wildlife across the planet, stunting growth, damaging reproduction and even causing behavioural changes in animals not meant to be targeted, according to a large-scale study published on Thursday.
Economy
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