The Federal Inland Revenue Service (FIRS) under Zacch Adedeji has experienced a massive transformation with an innovative approach with a human face.
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Prices of rice, tomatoes, other food items soars as retailers struggle with unpredictable costs
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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
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China and US agree to fresh trade talks
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Exxon, Chevron turn page on legal fight as profits slip
Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.
Brewed awakening: German beer sales lowest on record
It is news that will leave brewers feeling flat -- German beer sales hit their lowest level in the first half of the year since records began over three decades ago. Holger Eichele, head of the German Brewers' Federation, said 2025 was set to be "an extremely demanding year for us".
Musk's X accuses Britain of online safety 'overreach'
Elon Musk-owned social network X on Friday accused Britain's government of "overreach" with a new law designed to protect children from harmful online content such as pornography. Many people resort to virtual private networks (VPNs) to get around territorial restrictions on access to online content.
Senegal PM unveils economic recovery plan based on domestic resources
Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding. In unveiling the new plan, Sonko said it was based on principles including "respect for Senegal's international commitments", particularly debt repayment.
Swiss will try to negotiate way out of stiff US tariffs
The Swiss government said Friday it would negotiate with the United States to try to avoid the tough 39-percent US tariff rate that would harm key industries.
US job growth weaker than expected in July as unemployment rises
US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic. The US economy has added an average of just 35,000 jobs per month since May, data showed.
UK top court to rule on multi-billion pound car loan scandal
Britain's highest court will Friday determine whether controversial car loans were unlawful, which could pave the way for millions of motorists to claim billions of pounds in compensation from banks.
French wine industry warns of 'brutal' impact from US tariffs
The French wine industry on Friday warned of a "brutal" impact from US tariffs and a weak dollar, urging France and the European Union to "continue negotiations". Jean-Marie Fabre, president of the union of independent winegrowers of France, urged France to continue negotiations.
Stocks slide as Trump's new tariff sweep offsets earnings
Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants. Tariffs uncertainty overshadowed earnings from major tech titans this week that saw Apple on Thursday post double-digit quarterly revenue growth that beat expectations.
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