President Bola Ahmed Tinubu has been told to immediately sack a serving minister over alleged “serious breach of trust”. Legit.ng has the details.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
South Korean chip giant SK hynix said on Wednesday it was considering a US stock market listing using treasury shares as part of efforts to boost shareholder value. In a regulatory filing, SK hynix said it was "considering various measures to enhance shareholder value, including listing on the US stock market using treasury shares, but no decisions have been finalised yet".
ExxonMobil is slowing medium-term investments in low-carbon ventures by some $10 billion compared with its outlook a year ago, the oil giant announced Tuesday. Under either investment scenario, the low-carbon ventures represent a small percentage in the company's overall capital budget, which is still heavily tilted towards conventional fossil fuels.
Canada on Tuesday launched a CAN$1.7 billion ($1.2 billion) program to recruit leading global researchers, part of the effort to poach intellectual talent looking to leave the United States because of President Donald Trump's policies. Canada's federal government has now joined this effort, in what it called "one of the largest recruitment programs of its kind globally."
The US Supreme Court heard arguments on Tuesday in a Republican challenge to campaign finance rules that could impact next year's midterm elections. It was unclear during oral arguments on Tuesday how the court would rule although several of the six conservative justices on the nine-member court appeared inclined to strike down the restrictions.
The Federal Government has banned MDAs from accepting physical cash and directed them to deploy POS terminals within 45 days, due to revenue leakages.
The lower house of French parliament on Tuesday narrowly approved a social security budget, clearing a major hurdle for Prime Minister Sebastien Lecornu as he seeks to finalise a 2026 spending plan by year-end. The premier has promised to secure approval for a spending plan by the end of December.
The Federal Government has annouced a massive programme that will train 1.3 million Nigerians in practical skills across 1,600 centres, offering stipends,
TotalEnergies said Tuesday it had reached a deal to become a partner in the Mopane oil field off the coast of Namibia, where exploration remains underway. The deal will see TotalEnergies take a 40 percent stake in the petroleum exploration licence that includes Mopane.
India's biggest airline IndiGo said Tuesday its operations had stabilise after it cancelled thousands of flights, triggering days of airport chaos last week. "Our on-time performance is... back to normal levels," an IndiGo statement said, adding the airline was operating more than 1,800 flights on Tuesday, and planned to "fly nearly 1,900 flights" on Wednesday.
Economy
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