New details emerge on the rumoured Osisioma Flyover collapse in Abia, southeast Nigeria, which reportedly killed 19 people. The verified facts have now emerged.
Dr Zacch Adedeji, the Executive Chairman, Federal Inland Revenue Service (FIRS), has revealed that 95 per cent of Nigerians will pay no tax under the new tax regime.
British luxury fashion label Burberry rejoined London's FTSE 100 on Monday, one year after exiting the top-tier stock index, and ahead of unveiling its latest collection at London Fashion Week. Burberry, vowing to win back customers with its signature outerwear, including its famed trench coats, will close out London Fashion Week on Monday evening with its runway show.
Countries are still planning to increase production of fossil fuels to levels incompatible with global commitments on climate change, according to new research published on Monday. They "must commit to reversing the continued expansion of global fossil fuel production" in these crucial national climate plans, the report stated.
Asian markets fluctuated between gains and losses Monday as investors took a step back after last week's rally fuelled by the Federal Reserve's interest rate cut. Tokyo was the stand-out performer Monday, rising more than one percent, after the Bank of Japan said it would sell its ETFs -- bought as part of a campaign of monetary easing aimed at kickstarting the sluggish economy -- gradually.
Investors traded 2.735 billion shares worth N85.197 billion in 127,284 deals this week, led by Financial Services and ICT sectors, boosting NGX performance.
An economist behind a wealth tax plan embraced by the French left on Sunday urged France's richest person, Bernard Arnault, to show "respect for the truth" after the luxury goods tycoon described him as a "pseudo-academic" who wanted to "destroy the French economy".
Analysts have revealed that the current naira's appreciation and foreign reserves accumulation, which is at bout $42bn, represents renewed investors' confidence
Left-wing figures in France on Sunday reacted with uproar after the country's richest man the luxury goods tycoon Bernard Arnault described an academic behind a wealth tax plan as a "far-left activist" who wanted to "destroy the French economy".
The Nigerian currency, the naira, returned to its winning ways last, breaking below the N1,500 barrier to close at N1,488 per dollar as reserves hit a five-year high
Close to a small fishing port in southwestern Japan, the slim white turbines of the country's first commercial-scale floating wind farm glimmer offshore, months before a key project in Tokyo's green-energy strategy begins.
Economy
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