The Ekiti State Government has placed Oba Williams Adesoye on probation over allegations of unruly conduct, evicting him amid demands for his removal.
Naira rallies against the US dollar amid improved economic outlook and easing demand pressures, closing at N1,419.28, signalling renewed confidence,
Prominent figures on Brazil's right wing are calling for a boycott of Havaianas, the iconic Brazilian flip-flop sandals, over an ad seen as taking sides ahead of next year's presidential elections. I've seen many foreigners wearing this Brazilian flag on their feet... but I'm sorry, I'm going to throw these flip-flops in the trash," says the US-based, former Brazilian lawmaker.
The Presidency dismissed claims of discrepancies in the new tax reform bills, urging Nigerians to rely on official documents as laws take effect January 1, 2026.
The leadership of CBS News was facing accusations of political meddling on Monday over a last-minute decision to not air a report on the notorious Salvadoran prison where US President Donald Trump has sent deported migrants. CBS, which was purchased by the Trump-linked Ellison family earlier this year, said that the prison report needed "additional reporting."
Oracle tech tycoon Larry Ellison is offering a $40.4 billion personal guarantee to back Paramount's hostile bid for Warner Bros. But Warner Bros last week described the Paramount offer as risky, saying it was backed by "an unknown and opaque revocable trust" and involved "no Ellison family commitment of any kind."
Brussels hit back Monday at China slapping duties of up to 42.7 percent on some dairy products from the European Union, calling the move "unjustified". The "duty deposits", which range from 21.9 percent to 42.7 percent, come into effect on Tuesday.
Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.
Italy's competition authority said Monday it had fined the US tech giant Apple 98 million euros ($115 million) for allegedly abusing its dominant position in the mobile app market. French antitrust authorities earlier this year handed Apple a 150-million euro fine over its app tracking privacy feature.
The European Commission said Monday it had opened an investigation to assess whether the Czech government's support plan for the construction and operation of two nuclear units is in line with EU state aid rules.
The new Nigerian tax law, effective 2026, ensures fairness, protects low-income earners, clarifies exemptions, and requires workers to pay only on earned income.
Economy
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