There was a tension at the Federal High Court in Abuja on Friday, December 2, when the operatives of the EFCC and that of the NCoS threatened each other with guns.
Federal Government denied plans to monitor bank accounts for tax; small businesses earning below ₦12 million exempt from income tax under new reforms.
British energy giant BP, which this year shelved targets on reducing carbon emissions, has appointed industry veteran Meg O'Neill to be chief executive from April, replacing Murray Auchincloss who stepped down Thursday.
As weak earnings and rising debt strain public finances, debt servicing and personnel costs have exceeded the Federal Government’s total revenue in 2025.
The Nigerian government will begin the enforcement of new tax rules in January 2026 and every Nigerian is apprehensive. Here 12 facts about Tax ID
Squabbles over the EU-Mercosur trade deal are likely to punctuate a European Union summit in Brussels on Thursday. Agricultural unions have projected up to 10,000 protestors in Brussels on Thursday, including 4,000 from France.
President Donald Trump promised Americans an economic boom in an address to the nation on Wednesday, while blaming Democratic predecessor Joe Biden for high prices that have hit the Republican's popularity.
The European Central Bank is expected to hold interest rates steady Thursday for its fourth meeting in a row as inflation remains in check, although debate is heating up about the path forward. Following a year-long series of cuts, the central bank for the 20 countries that use the euro has kept its key deposit rate on hold at two percent since July.
Asian markets sank Thursday after another sell-off on Wall Street as worries over the tech sector's colossal spending on artificial intelligence continued to dog investor sentiment. Asian markets tracked the US losses, led by tech firms including Japan's Renesas and investment giant SoftBank.
EU leaders gather in Brussels Thursday for a make-or-break summit on using frozen Russian assets for Ukraine -- with key player Belgium under pressure to drop its opposition. Ukraine has said Washington was "pressuring" the EU not to use the assets as they view them as a vital bargaining chip in winning over Russia.
A US blockade of Venezuelan oil shipments could slash production and halve exports of the country's most valuable commodity, tipping its economy even deeper into crisis, experts say.
Economy
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