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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Depot owners protest as Dangote slashes petrol price by N259
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Mixed fortunes as naira reverses two-week gain amid surge in reserves
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Dollar falls to N1,484 in official window, naira appreciates in parallel market
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Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Swiss eye 'more attractive' offer for Trump after tariff shock
Switzerland said on Monday it was ready to make a better offer to the United States to avoid steep tariffs that are expected to take effect this week. "Switzerland enters this new phase ready to present a more attractive offer, taking US concerns into account and seeking to ease the current tariff situation," the council said in a statement.
Trump says will name new economics data official this week
US President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief -- after ordering her dismissal as a new report showed weakness in the US jobs market. He added Monday: "I will pick an exceptional replacement."
Jordan sees tourism slump over Gaza war
Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra and other sites since the Gaza war began in October 2023, according to officials. Although Jordan does not border the Gaza Strip, it has been among several countries across the region impacted by the war between Israel and the Palestinian militant group Hamas.
China's Baidu to deploy robotaxis on rideshare app Lyft
Chinese internet giant Baidu plans to launch its robotaxis on rideshare app Lyft in Germany and Britain in 2026, pending regulatory approval, the two companies said on Monday. Lyft and Baidu said Monday that "in the following years" the fleet of Apollo Go driverless cars will be expanded to thousands of vehicles across Europe.
S.Africa eyes new markets after US tariffs: president
South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30-percent trade tariffs, which could cost around 30,000 jobs, officials said Monday. The 30-percent tariff is the highest in sub-Saharan Africa and comes as diplomatic relations between South Africa and the United States are in tatters over a range of domestic and international policies.
BP makes largest oil, gas discovery in 25 years off Brazil
Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business. The discovery comes as a boost to the struggling energy major as it undergoes a major overhaul to focus on its more profitable oil and gas business, shelving its once industry-leading renewable energy strategy.
Italy fines fast-fashion giant Shein for 'green' claims
Italy's competition watchdog said Monday it has fined the company responsible for Shein's websites in Europe one million euros ($1.15 million) for false and confusing claims about the e-commerce giant's efforts to be environmentally "green".
Shares in UK banks jump after car loan court ruling
Shares in British banks rose on Monday after the country's top court spared the sector from the worst of feared compensation claims over controversial car loans. While the court upheld one of the three cases, it narrowed the overall grounds for claims, offering relief to banks that had been bracing for widespread payouts from millions of car buyers.
New tax law replaces reliefs with rent-based deductions, capped at N500k
The Nigerian government has phased out the previous personal income tax laws, introducing a new rent-based deduction capped at N500,000 for tenants.
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