Economy
Full list: Tax committee submits 20 recommendations to Tinubu for quick action, he responds
President Bola Ahmed Tinubu has received the first report from the Fiscal Policy and Tax Reforms Committee as he seeks to revive Nigerian economy and boost revenue.
Full List: New report shows Nigeria’s geopolitical zones with the highest IGR growth in 3 years
The North East region in Nigeria is leading others with the highest growth in Internally Generated Revenue (IGR) in the last three years. NBS data reveals
US new home sales hit highest rate in over a year
Sales of new US homes picked up more than anticipated in September, government data showed Wednesday, with the tight supply of real estate pushing more buyers into the market for new properties. Last month, sales of existing homes, which form the majority in the market, hit the lowest rate in 13 years, according to industry data.
Boeing cuts 2023 forecast for 737 deliveries as it reports loss
Boeing reported another hefty loss Wednesday as it trimmed its full-year forecast for deliveries of the 737 to address a manufacturing problem on the aircraft. The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion,which translated into a bigger per-share hit than analysts estimated.
TikTok removed 4mn 'violative' videos in EU last month
TikTok said Wednesday it pulled four million "violative" videos in the EU in September, in its first transparency report since a new law against illegal and harmful content came into force across the bloc.
Obasanjo to Tinubu: Ban importation of Chinese products now
Former President Olusegun Obasanjo has urged the government to ban the importation of Chinese Adire fabric and other items in order to protect the domestic market
Heineken warns of slowdown in consumer demand
Dutch brewing giant Heineken said Wednesday that it sold less beer in the third quarter, noting that higher prices and the poor economic outlook was affecting consumer demand.
Kenya's central bank chief says currency overvalued
Kenya's central bank chief has said that the country's currency, currently trading at record lows, has been overvalued for several years. "I think for several years now we have had an overvalued exchange rate," Central Bank of Kenya governor Kamau Thugge told a parliamentary committee on Tuesday.
Some S.African miners return to surface after underground dispute
Some of the miners who stayed underground for more than two days in a standoff between rival South African labour unions began returning to the surface Wednesday, their representatives said. So, we couldn't allow workers to stay underground without food," he said.
Economy
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