IGP Kayode Egbetokun has finally commented on the confrontation between the FCT Minister and some naval officers in Abuja and disclosed the steps taken so far.
Nigeria plans to cut Capital Gains Tax to 25% by 2026, ease corporate tax to 25%, and introduce full VAT input credits to support businesses nationwide.
Noisy TV commercials were banned in California on Monday, with a new law that demands pitchmen turn the volume down. "We heard Californians loud and clear, and what's clear is that they don't want commercials at a volume any louder than the level at which they were previously enjoying a program," Governor Gavin Newsom said after signing the bill into law.
German Chancellor Friedrich Merz said Monday he wants the EU to scrap its planned 2035 deadline for ending new combustion-engine vehicle sales as his country looks for ways to help its ailing car industry. Merz also expressed hope that synthetic fuels could be developed in the coming years which would allow combustion engines to run "in an environmentally friendly manner".
Brazilian President Luiz Inacio Lula da Silva urged US President Donald Trump to lift punitive trade tariffs in their first official talks Monday after months of animosity -- with both suggesting an in-person meeting in the near future. The Brazilian presidency said that Lula had raised the possibility with Trump of an in-person meeting at the ASEAN summit in Malaysia in October.
OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues an investment spree to secure massive amounts of computing power for rolling out generative artificial intelligence. OpenAI sits at the center of an AI investment bonanza to power the promised artificial intelligence revolution.
The US government shutdown entered its second week on Monday, with no sign of a deal between President Donald Trump's Republicans and Democrats to end the crisis. Republicans argue the expiring health care subsidies are nothing to do with keeping the government open and can be dealt with separately before the end of the year.
The Nigeria Interbank Settlement System (NIBSS) has announced plans to scrap bank instant transfer charges and replace them with a new model to drive inclusion.
The Nigerian currency has extended its gain in the foreign exchange market, driven by strong dollar inflows, remittances via IMTOs, and investors.
Tokyo stocks surged more than four percent to a record high Monday and the yen sank on bets that the new leader of Japan's ruling party will embark on a new era of loose monetary policy to kickstart the country's economy.
China's push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle to match the technical might of US powerhouse Nvidia within the current decade. The hype has also sharply driven up stocks in the smaller chipmaker Cambricon, sometimes dubbed "China's Nvidia".
Economy
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