Ademola Adeleke, governor of Osun state, has snubbed the ruling APC after resigning from the PDP. Adeleke officially announced his new party on Tuesday.
Nigeria’s new tax law modernises administration, strengthens compliance, imposes fines and jail for offences, while reducing tax burdens for most citizens.
The National Bureau of Statistics (NBS) has announced that price for Liquefied Petroleum Gas (LPG), popularly known as cooking gas has dropped in August.
Lufthansa is planning to cut thousands of administrative staff as the German aviation giant seeks to reduce costs following a fall in earnings, sources close to the matter said Friday. Two sources, speaking on condition of anonymity, confirmed to AFP that Lufthansa was planning to axe up to 20 percent of its administrative staff.
Chinese Premier Li Qiang warned Friday against a return to a "Cold War mentality" and defended multilateralism and free trade, in a veiled criticism of the United States from the United Nations. "Unilateralism and (the) Cold War mentality are resurfacing.
The US Federal Reserve's preferred inflation measure edged up in August as tariffs filtered through the economy, government data showed Friday, with analysts warning of further cost pressures after President Donald Trump unveiled a slew of upcoming duties.
Meta announced Friday that Facebook and Instagram users in the UK will be able to buy ad-free subscriptions, extending a model already in place in Europe, to comply with regulation. Meta first announced its ad-free option in the EU at the end of 2023 to comply with tougher regulation intended to rein in big tech.
Donald Trump has shocked the global drug industry by announcing 100-percent tariffs on all branded, imported pharmaceutical products -- unless companies are building manufacturing plants in the United States.
A Kenyan factory making jeans for US stores will start firing hundreds of workers this week as American lawmakers failed to renew Africa's duty-free access in time, its boss said Friday.
The United Nations on Friday released a long-awaited update of its database of companies with activities in Israeli settlements in Palestinian territories, listing 158 firms from 11 countries. It came in response to a UN Human Rights Council resolution four years earlier demanding a database of firms that profited from business in illegally occupied Palestinian territory.
The naira has continued to hold steady and strong in the official and parallel markets following the surge in external reserves and foreign inflows.
Economy
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