Peter Gregory Obi has met former military ruler Ibrahim Badamasi Babangida (IBB) and disclosed three key topics discussed during their meeting in the north.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
Norwegian oil and gas giant Equinor said on Wednesday it would scale back its renewable energy ambitions as it reported a steep drop in net profit in 2024. Like other oil and gas enterprises, Equinor has been loathe to move away from its profitable fossil fuel business and replace it with renewable energy infrastructure.
The NCAA has blasted Kenya Airways over maltreating a Nigerian passenger. The NCAA also asked the airline to tell the public the truth about what provoked the lady.
The US Postal Service (USPS) said Tuesday it was temporarily suspending inbound parcels from China and Hong Kong, shortly after President Donald Trump's imposition of fresh tariffs targeting Beijing. However, the USPS gave no reason for its pause on Tuesday.
The Federal Inland Revenue Service (FIRS) has set the ambitious goal of N25.6 trillion in revenue collection for the fiscal year 2025 after smashing 2024 targets.
Spanish banking giant Santander announced record annual profits for a third consecutive year on Wednesday as a strong commercial performance offset the impact of falling interest rates. But Santander UK chair William Vereker announced that he would leave his post this year, a decision which business media attributed to disagreements with Botin. vab/imm/bc
Nissan shares plunged on Wednesday after Japan's Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda. But the smaller automaker's chief said this week it would make a final decision on whether to join the Honda-Nissan merger talks in mid-February or later.
China's new tariffs on US imports like oil, coal and cars are relatively modest in scale, suggesting that Beijing is hoping for a last-minute deal but also giving them the option to inflict more pain if needed, analysts say. Far from inflicting deep pain, analysts say Beijing's goal is to send a message to Washington: that China can and will retaliate to swingeing tariffs.
Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand, at a time when many foreign car companies are struggling in China. Toyota said it had "decided to establish a wholly owned company for the development and production of Lexus BEVs (battery electric vehicles) and batteries in Shanghai, China".
Asian markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers. Gold hit a fresh peak of $2,853.82 as investors rushed into the safe-haven metal.
Economy
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