The Nigerian government, through the Ministry of Finance, has suspended the controversial 4% Free-On-Board charge introduced by the Nigeria Customs Service.
Economy
Most viewed
Popular
-
Depot owners protest as Dangote slashes petrol price by N259
-
Mixed fortunes as naira reverses two-week gain amid surge in reserves
-
Shoprite stores close in two states as Lagos, Abuja outlets struggle with empty shelves
-
Dollar falls to N1,484 in official window, naira appreciates in parallel market
-
Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
Economy Latest News
Trump, EU chief seek deal in transatlantic tariffs standoff
US President Donald Trump and EU chief Ursula von der Leyen prepared to meet Sunday in Scotland in a push to resolve a months-long transatlantic trade standoff that is going down to the wire. Early Sunday, ahead of his meeting with Von der Leyen, Trump was out again on the golf course, having spent most of Saturday playing at Turnberry amid tight security.
Full List: Nigerians to pay no VAT on Pads, diesel, land under new tax Act, 21 other items
The newly enacted tax laws, which were signed by President Bola Tinubu, have exempted about 24 items from paying VAT, as the new laws become effective in 2026.
Aliko Dangote steps down as Dangote Cement Chairman to focus on $20bn refinery
Chairman of the Dangote Group, Aliko Dangote, has resigned from Dangote Cement and handed over to Emmanuel Ikazoboh, a former Ecobank Group Chairman.
Humanoid robots embodiment of China's AI ambitions
Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai's World AI Conference (WAIC) this weekend were embodiments of China's growing AI prowess and ambition. Other droids, some dressed in working overalls or baseball caps, manned assembly lines, played curling with human opponents or sloppily served soft drinks from a dispenser.
Urgent need for 'global approach' on AI regulation: UN tech chief
The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top tech chief said this week, warning that fragmentation could deepen risks and inequalities. Without a concerted effort, there is a risk that AI will end up standing for "advancing inequalities", she warned, cautioning against deepening an already dire digital divide worldwide.
US Fed poised to hold off on rate cuts, defying Trump pressure
The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by President Donald Trump. When mulling changes to interest rates, the central bank -- which meets on Tuesday and Wednesday -- seeks a balance between reining in inflation and the health of the jobs market.
Battling tariffs is no trivial pursuit for US games retailer
At a strip mall in Maryland, a miniature landscape extends across a table between Dash Krempel and his friend as a war game unfolds. Instead of buying more products, he now tries to support retailer Game Kastle College Park by renting tables to play in-store.
New Zealand farmers battle pine forests to 'save our sheep'
New Zealand sheep farmers are fighting to stop the loss of pasture to fast-spreading pine plantations, which earn government subsidies to soak up carbon emissions. New Zealand is one of the rare countries to allow 100 percent of carbon emissions to be offset by forestry.
Trump, EU chief to meet Sunday in push for trade deal
EU chief Ursula von der Leyen and US President Donald Trump said Friday they would meet in Scotland this weekend in a decisive push to resolve a months-long transatlantic trade standoff. Von der Leyen first announced the meeting, writing on X: "Following a good call with POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong."
Economy
Load more