The Nigerian government, through the Ministry of Finance, has suspended the controversial 4% Free-On-Board charge introduced by the Nigeria Customs Service.
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Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
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Depot owners protest as Dangote slashes petrol price by N259
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Dollar falls to N1,484 in official window, naira appreciates in parallel market
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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New York officials sink Times Square casino bid
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China retail sales pick up speed, beat forecasts in October
China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption. However, industrial production growth edged down to 5.3 percent in October, the NBS figures showed, from 5.4 percent the previous month.
Asian markets fluctuate at end of tough week
Asian markets were mixed Friday after Federal Reserve boss Jerome Powell tempered expectations for interest rate cuts, while traders also contemplated a hawkish Trump presidency. However, while the bank is expected to cut rates again next month, Powell warned that the path "is not preset", adding that "the economy is not sending any signals that we need to be in a hurry to lower rates".
Xi inaugurates South America's first Chinese-funded port in Peru
Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration.
Policymakers defend Fed independence amid concerns about Trump era
Two senior Federal Reserve officials praised the US central bank's independence on Thursday, amid concerns that President-elect Donald Trump may seek to influence Fed policy. Analysts have raised concerns that the Fed's independence could come under strain in the next Trump administration, given the views expressed by the president-elect.
Fed Chair calls US the best-performing major economy in the world
The recent performance of the US economy has been "the best of any major economy in the world," Federal Reserve Chair Jerome Powell said Thursday, a week after the bank cut interest rates for a second consecutive meeting. "The recent performance of our economy has been remarkably good, by far the best of any major economy in the world," he said.
New York to revive driver congestion charge plan, drawing Trump ire
New York said Thursday it will revive a controversial scheme to charge drivers entering parts of the city, a first in the United States, putting local authorities on a collision course with President-elect Donald Trump. Republican lawmakers have called on Trump to intervene in the case to terminate the revived plan, with the former president previously vowing to kill the scheme if elected.
'Harness the now': British singer Imogen Heap embraces AI
Unlike the bulk of her peers, Grammy-winning British singer Imogen Heap is embracing the use of artificial intelligence (AI) in her music as well to set up a music collaboration platform. - Stop the steal - Heap is also working with start-up Jen, a platform for generating music using AI, which advocates respect for copyright.
China's Xi arrives in Peru for APEC summit, Biden meeting
Chinese President Xi Jinping arrived in Peru Thursday for an Asia-Pacific summit where he will meet US counterpart Joe Biden under the shadow of a looming trade war with the incoming Donald Trump administration.
New York to revive driver congestion charge plan
New York said Thursday it will revive a controversial scheme to charge drivers entering parts of the city, a first in the United States, putting local authorities on a collision course with President-elect Donald Trump. Republican lawmakers have called on Trump to intervene in the case to terminate the revived plan, with the former president previously vowing to kill the scheme if elected.
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