A reliable source within the presidency has disclosed the actual reason President Bola Tinubu returned General Christopher Musa to his cabinet on Tuesday.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
China and the United States resumed trade talks on Monday in Madrid, seeking to narrow differences on trade and technology that have strained relations between the world's two largest economies. Over the weekend, China launched investigations into the US semiconductor sector, signalling frictions remain high despite the Madrid talks.
China's economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Industrial production edged up 5.2 percent year-on-year in August, according to data from the National Bureau of Statistics (NBS), the slowest pace since the same month last year.
The World Trade Organization's agreement on fisheries subsidies -- its first environmentally focused accord -- enters into force on Monday after years of thorny negotiations at a time of heightened international trade tensions.
Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions.
Australia's ANZ, one of the country's "big four" banks, has agreed to pay a record fine of Aus$240 million ($159.5 million) over "widespread misconduct", the financial regulator said Monday.
President Donald Trump on Sunday said foreign workers sent to the United States are "welcome" and he doesn't want to "frighten off" investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia.
The Federal Government says from January 1, 2026, Nigerians without a Tax ID cannot operate bank, pension, insurance, or investment accounts in Nigeria.
China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump's promised hefty tariffs. Top leaders from both countries will also discuss their dispute over the TikTok social media platform during the meetings in Madrid.
The National Bureau of Statistics has revealed that Nigeria recorded a trade surplus as due to exports surged on petroleum and non-oil products in 2025.
Economy
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